WFN #064 – New Year, New Tax Laws! The Cost Seg King Yonah Weiss Returns

Yonah Weiss is back!  If you missed his first appearance on Episode 12, be sure to check that out first!If there is one constant, it is CHANGE and the tax code is always changing.  2022 was the LAST year to get 100% bonus depreciation, now in 2023 that has been dropped to 80% bonus depreciation.So, what does that mean?  Yonah breaks down the changes and even with the challenges how there are even MORE beneficial treatments now in the tax code especially if you own short term rentals!👉 Tip/Trivia – If you rent out your primary resident or vacation home for 14 days or LESS in a year, you do NOT have to pay ANY Federal Income taxes on it!  Want to support the show?  👉 Buy me a coffee ☕ or become a Patreon member!Helpful Resources:Nerd Wallet Tax CalculatorTax Law – 100% DepreciationYonah’s First Appearance episode 12How to offset your W2 income with Short Term RentalsHow NOT to LEGALLY Save 💰 on Taxes!Connect with YonahWeiss Advice PodcastLinkedInShow Sponsors🌴 ECI Development 🌎💡 Lightbulb Podcasting 🎙Stay connected with Wealth and Freedom Nexus!Instagram Twitter      YouTube   www.wealthandfreedomnexus.comAs always, be sure to follow, subscribe, rate and share this podcast with other like-minded individuals who are in pursuit of wealth and freedom!Support the show👍 LIKE THE SHOW? 👍Show your support, subscribe, become a Patreon or buy me a coffee ☕STAY CONNECTED!📷 Instagram🕊️ Twitter🎥YouTube🔗WebsiteAs always, be sure to follow 🫵, subscribe 🔔, rate 🌟 and share 👆this podcast with other like-minded individuals in pursuit of WEALTH and FREEDOM!