Teaching The Money Lessons You Never Learned In School

When Dr. Emily told me she deducted her $40,000 backyard pool as a medical expense, I thought she was crazy. But she had the IRS paperwork to prove it was 100% legal.

In this video, I break down exactly how she did it, what documentation she needed, and the specific IRS rules that made it possible. Plus, I'll share other surprising tax deductions you've probably never heard of – including elevators, saunas, and even guard dogs!

⏱️ CHAPTERS:
0:00 – $40K Pool Deduction Revealed
1:38 – The IRS Documentation Requirements
2:42 – How the $80K Pool = $40K Deduction
4:26 – Other Surprising Legal Write-Offs
6:10 – Marcus's $23K Garage Office Case Study
7:47 – The Real Life-Changing Impact
9:06 – Why Timing Beats Last-Minute Planning
10:39 – Your Tax Strategy Takeaway

#TaxDeductions #TaxPlanning #IRS

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👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.

There's a tax deduction that could save you up to $5 per square foot just for upgrading lighting, HVAC, or insulation. One of my clients saved $500,000 on a project he was already doing – and he nearly missed it because he found out almost too late.

In this video, I break down the 179D tax deduction – one of the most underused tax incentives available to property owners, operators, and designers right now. Whether you own commercial real estate, work as an architect on government buildings, or design energy-efficient systems, this deduction could unlock six-figure tax savings.

What You'll Learn:
✅ How the 179D deduction works and who qualifies
✅ Why architects and engineers can claim this deduction too
✅ The critical documentation requirements most people miss

👉 Click here if you think your property might qualify for the 179D deduction: https://pages.teachingmillionaires.com/cre

⏱️ CHAPTERS:
00:00 The $500K Tax Write-Off Most Property Owners Miss
01:05 Meet Greg: $600K Upgrade Becomes $500K Deduction
02:35 The Energy Model That Unlocked Everything
04:24 Why Most Owners Miss This (Timing Is Critical)
05:59 Think Investment, Not Expense: Strategic Upgrades
07:04 Architects & Engineers: Your $160K Opportunity
08:43 Your Action Window: Don't Wait Until December
09:41 Take Action Now or Leave Six Figures Behind

#CommercialRealEstate #179D #RealEstateInvesting

⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
🎧 Spotify – https://teachingmillionaires.com/spotify-podcast

👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.