Oil and Gas Investing is A Tax Mitigation Strategy
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- Опубликовано: 15 сен 2024
- Ever thought about the tax benefits for investing in oil and gas wells? There's a ton of tax benefits from energy investing in the United States that benefit self employed and W2 high income earners. 👉 Book a Call at www.cunningham... for investment tips, investment help, and financial management.
Let's discuss the latest developments in the oil and gas industry, production expectations, political climate with energy and domestic dominance and independence. Some of these potential tax benefits have existed in the tax code for nearly a century and they could be a benefit to you. We’ll take a closer look at oil and gas investment opportunities. This webinar will be hosted by attorney and author Jim Cunningham and the financial advisors at Ascent Wealth Management.
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FYI - looking forward to next week's estate planning for high school/college students
Thank you! Don't forget to register: www.cunninghamlegal.com/estate-planning-for-college-students-and-high-school-graduates/
Very Good WOW
Thank you!
It seems like one of the main benefits of investing in oil/gas is for the 15% tax savings which is valuable for families with a high W2 income (over $730k?). Are the returns worth it for a W2 family making under $383,900 (24% federal tax bracket)
We can not comment on individuals tax needs or specific W2 income, your overall tax and financial plan is personal and would require analysis to make a recommendation. There are two tax incentives with oil and gas 1) the upfront IDC deduction which ranges from 80-90% over 1-2 years depending on the investment and 2) the depletion allowance of 15% on the income.
Do you recommend specific Direct Participation Programs to invest in? Ones with reputable track record?
We cannot legally make a recommendation unless you are a client that has engaged us. Please reach out! www.cunninghamlegal.com/california-law-offices/contact/
Solid info on oil and gas investments-definitely something to consider for tax savings. I’ve been dabbling with different investment strategies and just started exploring a crypto IRA with My Digital Money. Anyone here tried that? It seems like a good way to diversify, but I’m curious about what others think.
We are doing another webinar this week on oil and gas. You should join us!: www.cunninghamlegal.com/maximizing-tax-incentives-qualified-opportunity-zones-and-oil-gas-investments/