How the "Augusta rule" can provide tax-free income from your optometry practice

<p>If you’re a practice owner and a homeowner, there’s a little planning strategy that can allow you to get money out of your practice tax free. It’s not going to add up to a massive amount of money, but every little bit helps. It’s called the “Augusta” rule and it allows someone that rents out their home for 14 days or less the ability to receive rental income tax-free. In this episode, I’ll share how this can be applied to optometric practice owners.</p> <p> </p> <p>As a reminder, you can get all the information discussed in today’s conversation by visiting our website at <a href= "http://www.integratedpwm.com/">integratedpwm.com</a> and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also <a href= "https://integratedpwm.as.me/?appointmentType=1713824">set up a 20-30min Triage conversation</a> to learn a little bit more about how we help ODs around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions or check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars.</p> <p> </p> <p>If you’re interested in having your question and your voice featured on the 20/20 Money podcast, you can <a href= "https://www.speakpipe.com/2020money">submit it here</a>. You can either include your name or submit anonymously. Please keep your questions short and to the point. Sometimes writing it down beforehand can help.</p> <p> </p> <p><a href= "https://www.law.cornell.edu/uscode/text/26/280A">Section 280A(g)</a><br /> <br /></p> <p>Follow us on Instagram: <a href= "https://www.instagram.com/2020moneypod/">https://www.instagram.com/2020moneypod/</a> </p> <p><strong>—————————————————————————————</strong><br /> Please rate and subscribe to 20/20 Money on these platforms<br /> <a href= "https://itunes.apple.com/us/podcast/the-dose-podcast/id1438352481?mt=2"> Apple Podcasts</a><br /> <a href= "https://open.spotify.com/show/44jE3DxOjZQPok0H9D2jw3?si=7fhsalltRqGlwEbVqYnAQA"> Spotify</a><br /> <a href