Summary of Video
What Is Bonus Depreciation? | Torchlight Tax Are you missing out on a huge tax saving? Bonus depreciation is a powerful tax strategy that lets you deduct most or all of a business asset’s cost in the year it’s placed in service. It also can be used for:
● Equipment, vehicles, furniture—even used items can qualify.
● Real estate investors can benefit too—through cost segregation. Update: 100% bonus depreciation is back for property placed in service after Jan 19th, 2025. Bonus depreciation, properly planned for and executed, can create massive paper losses—and in some cases massively lower your tax bill.
Learn how to use it properly and how it applies to your unique situation. Watch our videos and contact Torchlight tax for a free consultation.
