How I saved 33k on a Brand New Tesla | Section 179 Tax Deduction (2022)

Описание: Disclaimer: The information in any of my videos shall not be construed as legal, tax, or financial advice. Information may become outdated or inaccurate, it is your responsibility to authenticate the information presented. I am in no way shape or form a financial advisor and the information provided is not intended to be used for financial advice. If you need legal tax counsel, please contact an accredited CPA, attorney, or the correct professional for your certain subject.
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My 2020 Tesla Model X is a vehicle over 6,000 lbs. Gross Vehicle Weight (loaded vehicle weight, which means a fully loaded Vehicle) which allows you to qualify for Section 179 Tax Deduction. Section 179 allows you to deduct $25,000 on your tax-able income In addition to 100% "bonus depreciation" section 168 for the remaining cost of the vehicle until 2023. In order to deduct 100% bonus depreciation, you need to use your vehicle for 100% business use in the year it was purchased. If you are running a business and have use for a commercial vehicle more than 50% of the time, you can save a significant amount through tax deductions. We have some of the greatest tax benefits in the entire world. Do your research and I hope this video was insightful!
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