tax deductions

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💵 Sign-up for EveryDollar today - The simplest way to budget for your life! Rachel Cruze & Jade Warshaw answer your questions and discuss: A couple that has $1 million in student loans and doesn't know what to do "My car got repoed today - should I buy it back?" How to enjoy your financial success in Baby Step 7 Why it's so important to do the Baby Steps in order to maximize how quickly you can pay off debt A really difficult call where caller learns the hard truth that she's being financially abused by her husband Rachel and Jade weigh in on a disagreement a couple is having about if they should pay off their mortgage or build the patio of their dreams Support Our Sponsors: NetSuite Zander Insurance USCCA BetterHelp Neighborly Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📊 For help with investing, Get connected with a SmartVestor Pro! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! 🏠 Find a Ramsey Trusted Real Estate Agent ☂️Protect yourself with the right coverage—take our coverage quiz! 🎟️ It's game on! Get your ticket for Total Money Makeover Weekend.  Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars. Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive. So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around! In This Episode We Cover: Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in The high-priced coastal market that we love…but wouldn’t buy rentals in A snowy northeast market that has low prices and big rent-by-the-room potential  A sleeper city with a big price tag but solid investing benefits The not-so-sexy market that made the number-one spot and surprised us all Unemployment rates, home prices, average rents, and top metrics you MUST check before investing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram What Is Bonus Depreciation And How Does It Work? What is Rental Property Depreciation & How to Calculate It The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall Connect with Brandon: Brandon's BiggerPockets Profile Brandon's LinkedIn Brandon's Website Brandon's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-890 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

For something that's legally required, taxes can be confusing. This guide explains when and how to hire a tax preparer, covers the latest credits and deductions — and helps you plan ahead for next year.

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It's tax season (insert collective groan here). But don't worry: in this episode of Life Kit, CPA and tax analyst Kimberly Washington offers helpful advice on maximizing your refund, what deductions to remember and how the child tax credit impacts your tax filings this year.

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Nicole is joined by former tax auditor Silvia Aguirre to talk about how to avoid getting audited, the truth around common auditing myths, and why your auditor might not be so bad after all. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, two listeners ask Rob & Rob some interesting questions!

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