Most people only know the “basic” tax deductions.
Section 179 lets you write off a business vehicle using bonus depreciation.
Cost segregation lets real estate investors write off parts of a property in year one instead of 37.5 years.
The Augusta Rule allows you to rent out your home for 14 days a year and pocket the income tax-free.
And of course, you’ve got tax-advantaged accounts like Roth IRAs, HSAs, and 529 plans.
But here’s what most people don’t realize.
With the right structure, the wealthy write off vacations and even birthday parties.
A 5-day trip where 3 days are business means flights, hotels, and meals can be deductible.
And a birthday dinner reframed as a mastermind or client event can qualify under IRS Section 162A.
This is how the game is played.
And why you need a qualified CPA if you want to use these strategies the right way.
For example and educational purposes only.
2025-08-21 20:10:23
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