O'Connor's ""What Properties Qualify for Cost Segregation?"" page provides essential insights into the eligibility criteria for cost segregation studies, a strategic tax planning tool that accelerates depreciation and enhances cash flow for property owners and investors. To qualify, properties must be commercial in nature, operated for profit, and have a depreciable basis of at least $500,000. Eligible properties include multifamily residential buildings, rental homes, and commercial real estate constructed or acquired after 1986. The page also outlines the impact of bonus depreciation under the Tax Cuts and Jobs Act, detailing the phased reduction from 100% in 2022 to 40% in early 2025, with a permanent reinstatement of 100% bonus depreciation starting January 20, 2025. This information is crucial for property owners seeking to maximize tax deductions and reinvest capital efficiently. O'Connor's expertise ensures that clients receive accurate, IRS-compliant cost segregation studies tailored to their specific property types and needs. Whether you're managing a single rental property or a diverse real estate portfolio, understanding these qualifications can significantly impact your financial strategy.
To know more about us, visit https://www.poconnor.com/cost-segregation-qualify/
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1. Texas does not have a state income tax, so property taxes are the main source of local government funding. This often results in higher-than-expected property tax bills for homeowners. 2. You could be paying unfair or inflated taxes and not even know it. Property assessments can be inaccurate or inflated. Thankfully, we are here to help you with these issues. How O’Connor Helps Homeowners Across Texas: We specialize in residential property tax reductions by identifying inaccurate assessments and filing appeals on your behalf. Learn more at https://www.poconnor.com/residential/ #homepropertytaxes #residentialpropertytax #propertytaxesintexas #Texashomepropertytaxes #hometaxesintexas
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