satoshipacioli on Nostr: Business owners: Are you missing out on this tax-saving opportunity? š š¼ The ...
Business owners: Are you missing out on this tax-saving opportunity? š š¼
The Augusta Rule lets you rent your home to your business for up to 14 days a year, tax-free. Your business deducts the expense, and you pocket the income without paying taxes on it.
Example: Rent your home for $1,000/day x 14 days = $14,000 tax-free income while reducing your business taxes.
This works for meetings, events, or trainingsābut you must document everything and use a fair market rate.
Donāt leave money on the table. Letās talk about how to make this work for you!
Published at
2024-12-31 19:56:39Event JSON
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"content": "Business owners: Are you missing out on this tax-saving opportunity? š š¼\n\nThe Augusta Rule lets you rent your home to your business for up to 14 days a year, tax-free. Your business deducts the expense, and you pocket the income without paying taxes on it.\n\nExample: Rent your home for $1,000/day x 14 days = $14,000 tax-free income while reducing your business taxes.\n\nThis works for meetings, events, or trainingsābut you must document everything and use a fair market rate.\n\nDonāt leave money on the table. Letās talk about how to make this work for you!",
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