Looking for a powerful year-end tax deduction? Consider the Intangible Drilling Cost (IDC) deduction in the oil and gas industry.
If you invest in a working interest before the end of the year, you could qualify for a significant depreciation write-off — even if you invest in the last few months. Most of the deduction will hit next year, but it still counts as a legitimate year-end strategy.
It’s a niche, but proven, tax tool that many high-income earners use to offset taxable income.
Learn more strategies like this at https://markjkohler.com/youtube
source
