Kenny Ketner @lubbockleft - Twitter Profile

4 days ago

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.

VadimYuryev's tweet photo. 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.

83

4K

208

5K

1M

lubbockleft retweeted

ClaudeDevs

@ClaudeDevs

3 months ago

Usage limits are up, effective today we're: 1) Doubling Claude Code's 5-hour limits for Pro, Max, Team and seat-based Enterprise plans 2) Removing peak hours limit reduction on Claude Code for Pro and Max plans 3) Substantially raising our API rate limits for Opus models

1K

41K

3K

5K

4M

Kenny Ketner

@lubbockleft

Who to follow

Last Seen Users on Sotwe

Trends for you

Most Popular Users