ilmscore | Prediction Details
"Section 179 says that you can go out and buy business equipment and deduct it against your taxes but the reason why this is so different and unique right now in 2022 is that there's a special provision that says that until January 1st 2023 if you go out and you buy a heavy car for your business that weighs over 6,000 pounds you can deduct 100% of that purchase price against your taxes this year"
By Minority Mindset | November 12, 2023 | Pending
From video
How The Wealthy Pay No Taxes (And How You Can Too) | Jaspreet Singh 00:54:06 - 00:54:25
Interpreted Prediction
Until January 1, 2023, businesses could deduct 100% of the purchase price of heavy vehicles (over 6,000 lbs) used for business.

Prediction Details

Topic
Section 179 Deduction for Heavy Vehicles

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