Are you wondering about the difference between Bonus Depreciation (168K) and 179 Depreciation? Because using the tax code properly to take all the deductions you have coming is essential.
And, yes, they are completely different!

The main differences are: you can use 100% of 179, but it can’t create a loss; Bonus Depreciation is only 80% in 2023; and now 179 must be used first. Of course, there are many other nuances to explore.

The purpose of this video is to help you get your arms around the differences between 168k and 179 and how to use them to your advantage. There is more to know about other differences between these two, so it’s worth it to view the entire video to discover all of them.

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Toby Mathis, Esq. is the bestselling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba

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.

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