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Brandon Brittingham

๐Ÿ‘ค Speaker
1880 total appearances

Appearances Over Time

Podcast Appearances

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

It's available under the new Big Beautiful Bill.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

100% depreciation in the first year has come back.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And I'm glad you mentioned this because I wasn't even thinking, oh God, you got to be a real estate professional.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

This is a good one because a W-2 person could actually get a hold of this.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Yeah, that's a good point.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And I think a lot of it is, you mentioned this, and I think you're spot on is when people hear taxes, they just kind of freak out and they kind of freeze.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And one of the things that I just kind of see and find is even, you know, a lot of entrepreneurs don't even really know or understand or learn about this.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And when you think about the percentage of income that taxes take from you to not learn about it,

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

If you look at it as an expense for your business, it's probably the largest expense.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And when I started thinking like that and learning about things like this, it completely changed my perspective because it's like I can find a way to shield 37% of my income every year understanding this game.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Then I can take...

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

that money and invest it into an asset that I understand, which is real estate, which is going to grow and all the things that you mentioned.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

But there's so many people who just kind of turn a blind eye to this because I think of the, you know, it's just, we hate talking about taxes.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Can I say something on this really quick?

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

So I have some short-term rentals as an asset class.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And one of the things that I do is on the laundromat thing, it's actually a business we're looking into buying.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I mentioned this.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I want to say this because

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

The laundromat that's closest to me for our short-term rentals, because I'm all about operational efficiency, we take our linens and stuff and have them wash it when we have turnovers or the short-term rental.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

So I happened to just go there one night with my fiance because she helps run my portfolio.