Section 179 Deduction 2020

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=TUa624Fx5fo

In this video, I explain how the section 179 deduction works and the 2020 limits. This is the deduction that people talk about when they’re talking about “writing off your car” or however they talk about it. Basically a business vehicle needs to be depreciated over time but thanks to section 179 and bonus depreciation, the full value of the vehicle can be depreciated in the first year of purchase. • #IRS #section179 #bonusdepreciation • Check out our other videos related to personal finances and tax, as well as business finances and tax. • If you enjoy our content and want to support us, donate through Venmo @nguyencpas • If you want more live Q As or one on one chats to get specific questions answered, check out our Patreon page: • / nguyencpas • Our Website: • www.nguyencpas.com • Join our Facebook group for more active updates: • / nguyencpalounge • Our online course for navigating the pandemic: • https://courses.nguyencpas.com/course... • Budgeting Playlist: • • Budgeting • Winning in Business Playlist: • • Winning in Business • Tax Playlist: • • Tax • PPP Playlist: • • PPP Information • EIDL Playlist: • • EIDL Information • COVID-19 Playlist: • • COVID-19 • • This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself. • • Section 179 Deduction 2020

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