Excuse me if I sound like a moron but tax deductions have always been confusing to me.
Just found out about this http://ift.tt/1rRlrWm section 179 depreciation write-off and I'm trying to make sense of it.
Let's say I'm an independent contractor on 1099, have my own LLC that makes 70K and pay myself roughly half of that. Under what circumstances does it make sense (if any) and how much does it make sense to lease/buy a nice new truck as opposed to just saving up like 10k for a used truck/SUV? I'm in FL if that helps for anyone who knows the %s. Concrete examples are the best ;)
Submitted July 21, 2017 at 07:31AM by remixisrule http://ift.tt/2uGkfdk
