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- We were making great money and still writing the IRS a $400K+ check every year
We were making great money and still writing the IRS a $400K+ check every year
Summary
This video explains how high-income W-2 earners can significantly reduce their tax burden without quitting their jobs. The speaker shares their personal experience of paying over $400,000 annually in taxes despite using common tax-saving strategies. They discovered that short-term rentals, combined with strategies like cost segregation, bonus depreciation, and real estate professional status, offer a powerful way to legally lower tax liabilities.
More from Growth & Marketing
Airbnb is launching a new host bonus as travel demand surges for the upcoming World Cup. This strategic move aims to encourage more listings and capitalize on the expected influx of guests. The initiative highlights Airbnb's efforts to prepare for peak season travel and its ongoing support for hosts.
This article discusses the emergence of a new platform designed as an 'Airbnb' for hourly creative spaces. It aims to solve the difficulties creators face when finding and renting spaces. While not directly about STRs, it highlights a potential niche market that could be applicable to hosts considering offering hourly space rentals, indicating a shift towards accommodating creative industries.
Airbnb is offering a $750 incentive to attract new hosts to list their properties for the World Cup. This move aims to ensure sufficient accommodation for visitors during the event. This initiative highlights the importance of short-term rentals in accommodating large-scale events and provides a financial benefit for new hosts.
Curated by Learn STR by GoStudioM



