Update: Apple’s lease deal is MUCH better than I expected.
Since the automatic option is a buy-out if you take no action after your lease ends, it qualifies for the Section 179 asset deduction rule for businesses.
This means you can lease a $2,999 MacBook Pro and pay $0 down, yet write off the full $2,999 on your taxes as a business expense.
This reduces your income by $2,999, which can save someone in the 22% tax bracket $659.78 in taxes.
This essentially (guy math) means you only paid $2,339.22 for a new computer worth $2,999.
The tax savings go up if you’re in higher tax brackets. You’ll save $1,049.65 if you’re in the 35% tax bracket.
Savings go up even more with more expensive models. The only problem is that you have to continue to pay it off and eventually buy it out, so don’t go all out.
The best part is that every business including sole proprietorships qualify.
Imagine the boost to Mac sales when hundreds of thousands of businesses figure this out.
And if you decide to sell it after you buy it out, you technically have to repay taxes based on the sale price..
But it’s a very useful tool to use if you had an unusually good year and your AGI (adjusted gross income) is right above the limits for certain tax advantages like child tax credits, QBI business deductions and more.
Thanks @TaxHakr for pointing this out.
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That "skinny" girl lifting the bar recently gained 5lbs trying to overcome her eating disorder.
That skinny kid on the bench press is trying to get stronger because he’s tired of being bullied.
That young girl doing her workout wrong is new to the gym and struggling with addiction.
That angry buff guy just lost his job and has no idea how he’s going to provide for his family.
That "overweight" girl in tight clothes lost 30lbs and is only just starting to feel confident.
That Mom lifting 5lbs is going through postpartum depression and just making it to the gym is a huge win for her.
That guy sitting alone on the turf just lost his wife and his entire world is falling apart.
Everyone is fighting demons we know nothing about. Never judge. Be kind always. 🙏🏼❤️
The beginning, the middle, the end.
@ChristenPress has announced her retirement. The USWNT star reflects on her career with three letters addressed to Little Christen, football and fans. Read them exclusively at The Athletic ⤵️
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AJ lee really saying she was dealing with a lot of depression shortly after she quit wwe and had to book a hotel room to ki$$ herself and the only thing that saved her was the kind words of the person behind the 311 call she made that night. 😭