Wheelwright emphasizes, “Tax-Free Wealth has been updated to educate small business owners, investors, contractors, CPAs and taxpayers on the Trump tax plan incentives.” During the last major tax reform in 1986 under President Ronald Reagan, Wheelwright worked for the National Tax Office at Ernst and Whinney (now Ernst and Young) in Washington D.C., and it took years to educate people on the changes.
Tax-Free Wealth 2nd Edition (with New Tax Law Updates) is now available on Amazon. https://www.wealthability.com/tfwamazon
In the new version of the bestselling book Tax-Free Wealth, Wheelwright outlines the Top 10 Benefits in the new tax law:
- New Corporate Tax Rates
- 20% Pass-Through Deduction Rules and Small Business Benefits
- Revised Real Estate Bonus Depreciation and Section 179 Deductions
- New Estate Tax Deduction Savings
- Deduction Increases for New Cars with a Home Office
- New Inventory Deduction Rules
- Alimony Deduction Changes
- How to Shift Income to Your Children Legally
- How Startups Can Reduce Capital Gains Tax
- How Charitable Contributions Can Result in State Income Tax Credits
What chapter in the second edition is bonus depreciation explained?
There is a page in Tax-Free Wealth (towards the beginning) that has an ad for a free ebook called, Top 10 Ways to Benefit from the Trump Tax Bill. The ad gives instructions on how to request the ebook and the ebook has some details about bonus depreciation. Thanks!