Are you considering buying a vehicle in 2023 and would like to deduct its costs? Clint Coons, Esq. discusses how to deduct your next vehicle purchase in two easy steps.

“When you're considering your next vehicle, you may want to go heavy rather than light.” 4:05

What are the two ways to leverage a vehicle tax deduction in 2023? Simply put, we will be going over the details of section 179 and the practice of mileage deduction. Clint has some advice to share with you regarding your upcoming potential with tax deductions.

Learn how to become anonymous AND appear as if you own nothing at our Free Tax & Asset Protection Workshop. Save Your Seat: https://aba.link/e0u

Tax deductions are one of the best ways to save on your taxes. Whether you’re itemizing or taking the standard deduction, it’s important that you know what you can writeoff from your income. One of the most common deductions is for vehicle expenses. In this video, Clint Coons explains how to claim a tax deduction for your car in 2023.

Section 179 and mileage tax deduction are both great ways to save on your taxes.

If you have any questions about this topic, feel free to leave them in the comment section below!

Remember to like our video and subscribe to the channel. Until our next video, we wish you the best of luck with your business!

3:37 Here is the list of luxury vehicles that qualify for this deduction:
Audi Q7
BMW X5, X6
Buick Enclave
Cadillac XT5, XT6, Escalade
Chevrolet Silverado, Suburban, Tahoe, Traverse
Chrysler Pacifica
Dodge Durango, Grand Caravan
Ford Expedition, Explorer, F150 and larger
GMC Acadia, Sierra, Yukon
Honda Pilot 4WD, Odyssey
Infiniti QX80, QX56
Jeep Grand Cherokee
Land Rover Range Rover, Discovery
Lexus GX460, LX570
Lincoln MKT AWD, Navigator
MercedesBenz G550, GLS, GLE, Metris, Sprinter
Nissan Armada, NV 1500, NVP 3500, Titan
Porsche Cayenne
Tesla Model X
Toyota 4Runner, Landcruiser, Sequoia, Tundra

Show Notes:
0:00 Intro
0:27 Two Ways To Deduct Your Next Purchase
0:45 Section 179
3:58 The Amount You Can WriteOff
7:19 Mileage Deduction
8:48 Outro

SUBSCRIBE
https://www.youtube.com/c/RealEstateA...

~~~~

FREE REAL ESTATE INVESTMENT STRATEGY SESSION

Claim Your FREE 45minute Investment Strategy Session to receive business planning tips and asset protection. https://aba.link/5f06f6

FREE TAX & ASSET PROTECTION WORKSHOP

Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next allday free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: Save Your Seat: https://aba.link/e0u

~~~~

FINANCIAL PLANNING & RESOURCES

Download your free copy of UnTax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. https://aba.link/5zx

For financial strategies, podcasts, articles and details on upcoming workshops visit https://aba.link/clintaba

Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio


~~~~

FOLLOW US:

Instagram: https://aba.link/instagram
Facebook: https://aba.link/facebook
Twitter: https://aba.link/twitter
LinkedIn: https://aba.link/linkedin

~~~~

CONTACT US
Phone: 800.706.4741
Email: [email protected]
Fax: 702.664.0545

ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.


The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorneyclient relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#deductions #writeoff #businessvehicle