How One Airbnb Can Save You $70,000 In Taxes!

Summary

According to Michael Chang, if you and your spouse earn over $700,000, you're losing roughly $250,000 to taxes. He advises using that tax money to buy an asset, such as a short-term rental property, due to 100% bonus depreciation, lower rates, and the fall buying season. Right now, contractors are available, sellers are motivated, casual buyers are quiet, and materials have stabilized.