Luxury Tax Prep

💰I help businesses under $3M Maximize cash flow while reducing stress 💰Business Tax Prep & Strategy

[Luxury Tax Prep @luxtaxprep]

@GetRightWitchu4 @elonmusk If you have a W-2 job, you should review your W-4 to make sure you withholding is correct. “Refunds” typically means you have the government too much money during the year. So, if your refund is small, that is a good thing. https://t.co/FWPDntR1gg.

[Luxury Tax Prep @luxtaxprep]

@Mpacks6 @Colts_Coverage https://t.co/FWPDntQtqI

[Luxury Tax Prep @luxtaxprep]

@sandsyyy https://t.co/FWPDntR1gg

[Luxury Tax Prep @luxtaxprep]

@Mominatrix_ https://t.co/FWPDntR1gg

[Luxury Tax Prep @luxtaxprep]

@justachillguy9 I’m not a b*tch but I might be able to help you. https://t.co/FWPDntR1gg 😊

[Luxury Tax Prep @luxtaxprep]

@KyannieeLee https://t.co/FWPDntR1gg

[Luxury Tax Prep @luxtaxprep]

@therealhafeez https://t.co/FWPDntR1gg

[Luxury Tax Prep @luxtaxprep]

@trippiegus https://t.co/FWPDntR1gg

[Luxury Tax Prep @luxtaxprep]

I'm going to The 2024 Creative Strategy Summit on September 19-20 hosted by @motionapp_ 🎉

Wanna come? Get your free ticket here: https://t.co/GcueDLg3py

[Luxury Tax Prep @luxtaxprep]

@JoeBiden What you “want to” and what you’re“gonna do” is two completely different things!

[Luxury Tax Prep @luxtaxprep]

Pro Strategy:

Utilize the Home Office Deduction with your main residence

Utilize the Augusta Rule on a second or vacation residence

[Luxury Tax Prep @luxtaxprep]

The Augusta Rule or IRC Sec 280A(g) allows a taxpayer to rent out their residence for 14 days or less without having to claim the income on their tax return

[Luxury Tax Prep @luxtaxprep]

Not only does your business get a tax deduction, but you, as a shareholder, get to receive tax-free income!

[Luxury Tax Prep @luxtaxprep]

This is the Home Office Deduction on Steroids…..

[Luxury Tax Prep @luxtaxprep]

Not only will you save thousands in taxes, you’ll also be increasing your home’s value while slashing energy costs!

[Luxury Tax Prep @luxtaxprep]

Don’t have a tax liability this year? 

Well, any unused credits can roll over to future tax years….

[Luxury Tax Prep @luxtaxprep]

And the best part is…..There’s literally no cap on the dollar amount of the qualifying purchase and you can claim the credit every single year until 2032!

[Luxury Tax Prep @luxtaxprep]

Are you a high income homeowner? 

For the next 9 years the IRS is allowing homeowners to deduct up to 30% of clean energy improvements they make to their primary residence

[Luxury Tax Prep @luxtaxprep]

This includes things like 

Solar panels
Backup battery power storage 
Water pumps & heating products 
Windows 
Insulation materials 
AND the cost on installation

[Luxury Tax Prep @luxtaxprep]

“Likes” are private on X….interesting…

Hopefully, I don’t get banned for liking and commenting “too much” like over on the other platform 😳