TD Cooper Financial Solutions

What is going on in your financial life? Is Debt keeping you Up at Night?
Let's talk about it!!!!

Average Household Income / $56,516.00
US Census Bureau, 2016

Average Consumer Debt
$180,018 Mortgages
$50,868 Student Loan
$29,058 Auto Loans
$16,425 Credit Card

Approximately
64% of Americans can't cover a $1000 EMERGENCY
THE AVERAGE AMERICANS HOUSEHOLD WASTE 24% OF THEIR TAKE-HOME PAY ON CONSUMER DEBT.
76% OF PEOPLE LIVE PAYCHECK TO PAYCHECK. CareerBuilder, 2017

KEY FACT:

If a taxpayer places qualified property in service in a short tax year, he or she
can take the full special depreciation allowance.

Qualified Property
An 80% special depreciation allowance is available for qualified property acquired and placed in service during 2023 (100% for certain property with a
long production period and for certain aircraft). Qualified property includes
the following:
• Tangible property depreciated under MACRS with a recovery period of 20
years or less (including qualified improvement property).
• Computer software that is readily available for purchase by the general public,
is subject to a nonexclusive license, and has not been substantially modified.
• Water utility property.
• Qualified film, television, and live theatrical productions.
• Certain plants bearing fruits or nuts.
• Certain used property.