2024 TAX UPDATE: Changed LAWS You Need to Know

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Stay ahead of the curve with our latest breakdown of key tax law issues for mid-2024!

If you're an investor or simply navigating the complexities of personal finance, this video is a must-watch to ensure you're up-to-date and well-informed.

First up, let's tackle the phase-out of accelerated depreciation and bonus depreciation, which has been a hot topic for real estate investors. With the House and Congress passing provisions to potentially fix this at 100%, there's a lot at stake.

We're also diving into the SECURE Act 2.0 and its impact on early withdrawals from retirement plans. With new provisions coming into effect, including exceptions for emergency personal expenses and victims of domestic abuse, it's crucial to know your options and how they could affect your financial future.

Join us as we delve into the potential impact and what it means for your investment strategy.

If you enjoyed the video, please consider leaving it a like. We would also appreciate it if you subscribed to the channel.

Show Notes
0:00 - Intro
2:59 - Terminal Illness
4:09 NFT Collectibles
5:54 Meal Deductions
8:09 ERC Stopped
10:48 Estates Can Go Back to 40%
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling 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
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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 attorney-client 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.

#taxnews #2024tax #taxupdates #secureact