Section 179D Tax Deduction Ends June 30 2026: Unlock $1M+ Savings Before It's Gone!

David Wiener: Building owners may be quietly walking away from six or seven figures in legal tax deductions on projects they've already paid for simply because they're unaware that they exist. I'm talking about Section 179D, a deduction that pays you for making your buildings more energy efficient. And here's the kicker. Under the Big Beautiful Bill, 179D is ending for new projects. But if your project starts before June 30th, 2026, you can still lock in this deduction. Today we'll break it down for you. Welcome back to the Tax Strategy Playbook, the show where we give real estate investors and business owners practical strategies to cut taxes, boost cash flow, and build long-term wealth. I'm your host, David Weiner, also known as Mr. Cash Flow. Today we're doing a deep dive on 179D, what it is, how it works, what changed under the big beautiful bill, and exactly what you should do if you have projects that started or will start. before June 30, 2026. And this is just part one. Next week, we're going to bring today's guest back for a separate deep dive on research and development tax credits. So if you're serious about tax incentives, make sure you're subscribed so you don't miss it. Joining me today is Brian Broussard, a colleague of mine and the executive vice president at CSSI. Brian leads their 179D and R &D energy efficiency deduction practice working with building owners and designers across the country to unlock major deductions on commercial projects. He spent years in the specialty tax world helping clients and their CPAs identify, calculate, and defend 179D deductions on everything from office buildings and warehouses to educational and government facilities. Brian, my friend, welcome to the Tax Strategy Playbook.

Brian Broussard: Great. Thank you, David.

David Wiener: Let's get started with this. you sit down with a building owner who's never heard of 179D, do you explain what you do in one simple sentence?

Brian Broussard: Sure. just really simply put it as it is a commercial building tax deduction for the energy efficiency of that building. It's straightforward.

David Wiener: Okay, so kind of lay the foundation a little bit so everybody's on the same page. In plain English, ⁓ is section 179D and what kind of projects does it actually reward?

Brian Broussard: So 179D is the energy efficient commercial building tax deduction? Is that exactly what that is? It is a energy efficient tax deduction based on the energy efficiency of that current building, looking at the lighting, the HVAC slash hot water systems and the building envelope. And basically what we is we look at these buildings, we evaluate them based on the systems that are installed and there can be a tax deduction available on the square footage of that building.

David Wiener: So who can qualify for it? Is it just owners of the buildings or designers or what about tax exempt projects?

Brian Broussard: Sure. So primarily building owners are the ones who are going to benefit from this 1790 tax deduction. However, as you mentioned, there are buildings out there that do not have a cost basis or non-tax paying type entities. And in those situations where we're dealing with a government project or again, a nonprofit or a non-tax paying entity, that energy efficiency of that building can be allocated to the individuals responsible for the design of those energy efficient systems. So typically your architects and engineers can benefit from that deduction.

David Wiener: ⁓ that's pretty cool. bet a lot of them don't even realize that.

Brian Broussard: No, some of them don't. It's actually amazing. This has been around since 2006, and every day we're running into different designers who are not aware of this.

David Wiener: And this works for new builds as well as it does improvements, right?

Brian Broussard: Right, so basically any new construction project can qualify for this deduction. if you bought a building and you did renovations to either the lighting, ⁓ HVAC, or hot water systems, or anything having to do with the envelope, which includes four walls, windows, as well as the roof.

David Wiener: Okay, that's good. the big beautiful bill, which we all waited for because of the cost segregation aspect and the bonus depreciation, 179D ⁓ the So it's ending for new projects. But it still applies to qualifying projects that start before June 30th, 2026. Exactly what does that mean? ⁓ How that project start, date, work, in practice?

Brian Broussard: Right, so basically, once the night is sunsetting ⁓ as of June 30th of this year, you can still claim the deduction as long as the construction for the project has started prior to that date. So when you're thinking about what construction means, it doesn't include land clearing ⁓ or anything that. It has to do with the actual physical building. So think about maybe the ⁓ slab being as that footprint of the building being started. As long as it starts prior to that date, you can still get grandfathered in regardless of when it finishes. But we can go back. So we'll talk about that as well. It's not just because it's going away for future step doesn't mean ⁓ losing it for prior years.

David Wiener: That's good. okay, so pouring the slab is kind of when the construction starts. What if somebody is doing improvements? Is it when they start the improvements or when the improvements end?

Brian Broussard: Right, so they've got to start the improvements. And the way the code defines start of construction means that the taxpayer or the building has to incur at least ⁓ % of the building costs prior to that date or 5 % of the physical construction has started prior to that date. So it's not an and, it's an either or that they can meet for the start of construction.

David Wiener: Okay, so if I was doing improvements on my building and I pay in advance on the improvements or pay a deposit on the improvements, that's considered the beginning of it, right?

Brian Broussard: Yes, as long as it's 5 % of the total renovation cost.

David Wiener: which most cases I think it probably would be but maybe I don't know.

Brian Broussard: Yeah, those systems can be kind of expensive. if you're buying an HVAC or a chiller or something like that for your building, yeah, it's pretty easy to meet the 5%.

David Wiener: That's true. That's good. That's great. So let's take a look at what it looks like in the real world with some actual stories. Can you walk us through one of your favorite 179 D success stories, maybe a single building where the deduction really moved the needle for somebody?

Brian Broussard: Sure, there's actually a couple we can probably hit on. One of the ones that we typically do, I do a lot of, is hotels. Whether it's just a simple Marriott little suites, those home 2 suites or Candlewood stays suites, or they're three to four story hotels, those are pretty straightforward. then every now and then we're getting one of these really nice hotels that's 17 floors, probably $150 million project. And it's all new, modern type of equipment in there. And those are really ones that we really kind of enjoy doing because they're just really neat hotels. They're not just the cookie cutter hotels. ⁓ And when you add up all the square footage on those projects, those deductions can be fairly large. ⁓ We get to a million dollars in deductions ⁓ with some these projects.

David Wiener: That'll move the needle won't it?

Brian Broussard: It does. Yeah, that's a those are really good ones.

David Wiener: I know I was talking to a client of mine who built a large office building and I was talking to their CPA and we were talking about cost segregation and I said, you ever considered 179D? wasn't aware of 179D, didn't know what it was and it saved them a ton of money.

Brian Broussard: Yeah, that's one thing with CPAs. They're familiar with the cost seg, but with 179D it's a different process. And I'm sure we'll probably go into that a little bit later in the cast. typically with 179D you're going to need someone who's experienced in the IRS modeling software. And you also have to have a licensed engineer ⁓ that has a seal ⁓ in state. So that's just part of our process that we have to go through, where it may be cost segregation. Some CPAs might try to do it on their own and it doesn't require an engineer, but 179D has a different process.

David Wiener: Well, when I told her about the the CPA, she pretty excited. We wound up doing the study for that client, and ⁓ cost saved him a ton, and the 179D saved him a ton as well.

Brian Broussard: And that's what's great about both of them is that some people don't realize that when you do a cost segregation study, if you also qualify for one they actually complement each other. You can do both studies for double benefit ⁓ that wouldn't ⁓ otherwise about.

David Wiener: Well, because when we started with cost segregation studies, I can only affect everything but the structure of the building. And now that we're able to do the that addresses the stuff that we can't touch in a cost segregation study, the building envelope and all of that kind of stuff. So it's almost like a cost segregation study.

Brian Broussard: That's right. Yep, we do a lot of studies that are combined, cost seg and 179D Again, 179D comes off of the 39 year or the 27 and a half year life and cost seg off that 20 years. So when you combine them both, they become pretty powerful tax incentives.

David Wiener: Is it hard? Now we talked energy efficiency. That's kind of subjective, right? So is it hard for the building to qualify for that?

Brian Broussard: Actually, it's really more objective, right? With 179D, it's more math based. And the reason why it is more math based is because we actually have to use the IRS approved software. ⁓ There's 20 different softwares that the IRS ⁓ allows us to use. We use one called Equest. But the way the process works is we take the building, we get the drawings, ⁓ we model building up in the IRS software. We put all of the systems in there. We put all the lighting in there. We put the envelope. And once we're done modeling it, in the same software, we draw what we call a base building. And that base building of similar size, we input the ASHRAE standards of 2007. So if you think about that, that's almost 20 years ago. And when you compare that base building to our current building, to get to an energy efficiency threshold of 50%, it's very easy to do it. because everything almost nowadays is just so energy efficient than what it was 20 years ago.

David Wiener: I was going to say, know, compared to way back then in 2007, I would assume most everything you're going to do is going to be more energy efficient these days, especially with the focus on energy efficiency.

Brian Broussard: It's almost the standard now. mean, to put that in perspective, 2007 ASHRAE standards doesn't even mention ⁓ LED lighting. And now lighting is almost, you know, a standard go-to on everything.

David Wiener: So if a client that you saved money ⁓ a 179D project prior, if came to you today, how would the June 30th deadlines factor into your advice?

Brian Broussard: So if they had a new project that was coming up, one of the things we would kind of mention is that with 179D, while it is going away, we still have time to enact a study as long as you get started prior to that date. So then we'll talk to them about their project. What is their estimated start date? If it's after that date, then we'll talk about maybe ways that there could be purchases of equipment to get to that 5 % threshold. so they can actually still claim it. As long as that construction is continuous, you know, and I mean by, you know, buying the equipment, but not starting a year later, right? It's got to be, you know, kind of continuous going on there, no long pauses. Then there's the potential that we can go ahead and get grandfathered in for that 179D and again, tag team it with cost segregation and bonus.

David Wiener: Sounds like a good deal to me. I'm aware that there's, like we said, there are a lot of people who are just not familiar. I assume just like cost segregation, there are some myths out there about 179D. What are some of the biggest mistakes you see building owners and designers making with it, especially now that there's a deadline? I had CPA tell me, no that's only for huge projects. You know, how would you answer that?

Brian Broussard: That's a good question. So the process for 179D, it's really based on a couple of things. It's based on the square footage of the building, the texture that it's put in service, and the cost of doing a 179D study is a little bit more involved than a cost segregation study or any other types of tax deduction studies. We do require to have a licensed engineer and we do have to have a modeler that can model this up in the software. So when we're looking at buildings, ideally the sweet spot where the client can get a decent ROI on their investment this tax deduction is about 40,000 square feet. We can go smaller, but then it really gets to a point where the cost of the study can almost equal or outweigh the benefit. So try to stick around that 40,000 square foot or larger building ⁓ for projects.

David Wiener: And I've heard you say in the past, you know, if somebody doesn't have a building that's 40,000 square feet, but they have two or three buildings right in the same location, that it may be well worth studying those buildings because once we send that engineer there, he can visit all the properties.

Brian Broussard: Right. And that's the main thing is that whenever we're sending, we have to send an engineer actually. my engineer is located in Houston with me, but he does have to travel to that site. And if the building is small and it's kind of in a one-off area, that gets to be kind of expensive for us to go take care of that type of study. But if we're able to maybe group three or four buildings that are say 25, 30,000 square feet in the same kind of a city, same city area. Then we can kind of group them all as one and treat them as one site visit and one review, even though they're going to require separate studies. So that is true that we can group these together and kind of make it to where it's still a bit more beneficial for the client versus like a one-off that they would have to go visit.

David Wiener: And I think the most important thing probably is we want to make their benefit worth the expense. And so we'll kind of guide them that way to make sure that what they're getting is worth what they're paying.

Brian Broussard: Right. Right, and they're going to know that upfront when we put a proposal together on the information that we ⁓ get upfront with the building size, the years put in service, and the location of the project.

David Wiener: Do you have a story about somebody who almost walked away from it and how you helped them recover it before it was too late or get into the 179D before it was too late?

Brian Broussard: You know, not necessarily someone who almost walked away from it. We did talk to a few people that once they did a cost segregation study, they weren't sure if they wanted to do the 179D But after discussions and explaining how that process worked and how the benefit actually was going to really increase, and this was really before bonus was actually back in effect, when we started getting down to about 40 % bonus, there was an ability now to add you know, the 179 D component to their cost segregation study and give them a much larger reduction in that year one. So even though with bonus being at 40%, uh, I guess it was last year, they were able to add more deductions in your one kind of like, you know, getting almost 60 to 80 % bonus. So there's been those situations where we've been able to talk to people to explain that, listen, this is just as good as almost getting bonus at a hundred or 80%. even though technically it's at 40, we'll just add 179D to it those poor-care deductions.

David Wiener: I can't imagine that cost segregation study would be so troubling and painful for somebody that they would want to do another different study that's going to save them money. Because a cost segregation study, relatively, is very simple.

Brian Broussard: Mm-hmm.

David Wiener: You said it has to do with the year that the building was placed into service or the improvements were placed into service. And I know there's a way that the dollars per square foot vary. Can you kind of go into that just a little bit?

Brian Broussard: Sure. So 179D was enacted back ⁓ in 2006, 2006 to 2022, the deduction was a $1.80 a square foot. Technically in 21 and 22 went up to a $1.82 and a $1.88 That was adjusted for inflation, but basically it's been a $1.80 a square foot ⁓ for that timeframe. Then in 2023, after inflation reduction act ⁓ passed, the deduction actually dropped from a to a sliding scale of 50 cents to a dollar a square foot. And then that's also adjusted for inflation for each year. However, they also implemented a bonus deduction on top of that, if you met certain prevailing wage and apprenticeship labor requirements for the deduction.

David Wiener: So that gets a little bit complicated.

Brian Broussard: It's a little bit more now now than it was before, but at the end of the day, what we have to do is when we're looking at new projects, if if they don't get the bonus deduction, and it's going to be that standard deduction, probably about a dollar anywhere from a dollar to about a $1.16 a square foot again each year is different. think it's. 2023 is $1.07 2024 was $1.13 and 2025 is $1.16 and in 2026 inflation adjustments just came out at $1.19. And so, you know, they're going to get a deduction. It's just unfortunate that now they tied the bonus part to labor requirements instead of really making it where I think they missed the ball here. They would have sort of increased that energy efficiency requirement instead of being 50 % energy efficient for every percentage you go up higher, you get a larger reduction. So the deduction requirements though, it's been all the same, you know, since 2006. It's still a goal is to get to 50%. But it's just the amounts of change based on the tax years and recent tax law.

David Wiener: And let's hope they don't increase the standards so that it rules some people out. And if you've got a 40,000 square foot building, you saved a dollar a square foot, that's still a significant amount of money.

Brian Broussard: Yeah, it's going to be something that you didn't get before. it's really kind of a no brainer. I you might as well take the deduction while it's still available.

David Wiener: Absolutely. So let's zoom out a little bit. Let's talk about where 179D fits into a larger tax strategy and kind of tee up a little bit about where we're going in the next episode. So how does it fit into the tax toolkit for a typical building owner or developer, especially alongside cost segregation?

Brian Broussard: it obviously works with cost segregation. You're able to accelerate these deductions into year one along with bonus as long as we start this prior to the June 30th deadline of this year. But again, it's two different buckets of costs that we're pulling from. Again, with cost seg, we're pulling from 20 year, from 179D, we're pulling from the 39 year, and we're moving them all into that year one and getting that really large deduction. really kind of puts people in a position where You know, they are mitigating their taxes. And you got to think about how much money you're saving from that tax standpoint. When look at this, when we've done different shows for the self-storage industry, we've always kind of explained that if you do a cost-seg study and a 179D study on your self-storage building, they estimate there's enough tax saved in the first three years to put a down payment on a new self-storage project. at it. when you're planning for this stuff is that think about how much money you're saving in taxes that can go towards your next down payment on another property.

David Wiener: So if somebody's planning a project they know they can get started or at least pour foundation ⁓ or started before June 30th, ⁓ when it the best time to call you or me and get us involved in it so that we can get everything teed up for them and get started?

Brian Broussard: ⁓ normally we would really come in towards the end of the project because we can't do any modeling until it's almost complete. But when we've got people that are really coming up against this deadline and wanting some advice on when to start, how to start, I would say the sooner the better. ⁓ Because this timeline is going to be tight. ⁓ We only have a few more months before we get there. So they'll probably want to ⁓ talk us as soon as possible to figure out if there's ways that they can kind of get grandfathered in. through different purchases and trying to meet that 5 % of at least cost so they can... No, no, the project can go through, there's no time limit on that as long as the construction's continuous. If they started in May of this year and they finished three years from now, they're still gonna be grandfathered in.

David Wiener: but the project does not need to be done before June 30th. and we can still do the study.

Brian Broussard: and we can still do the study.

David Wiener: Okay, so how, if in any way, do fit into ⁓ project that would also benefit from R &D credits, since we're going to talk about that next week?

Brian Broussard: So have kind of what we call the hat trick, okay, here at CSSI. And that's if you're able to bring in, you know, a client that does cost segregation, 179D and R &D. Now with regard to cost segregation and 179D obviously that's going to be for the real estate portion of ⁓ client's business. So ⁓ strictly going to be for the building. But sometimes our clients that we do cost studies and 179D studies for, they also own the business that's inside the building. it could be a manufacturing business. And so in that case, not only are we looking at doing tax benefits for the real estate portion of it, the R &D side can actually potentially benefit the business that's that building itself and provide another tax credit that may not have been aware of.

David Wiener: have you seen businesses in the real estate world that you know have their buildings and everything but also qualify for r &d in the business where and i know we're getting a week ahead of ourselves but

Brian Broussard: ⁓ You know from a standpoint of just real estate not not really from an already standpoint but again if they own several buildings and They own the business is inside the building and the business is doing R &D again. It could be a manufacturing facility it could be an engineering firm that owns an office building and That we did a study on but they also, you know lease the building for themselves We've done several buildings like that where they take both benefits, it's just going to go to two separate entities. One will go to the real estate and the other will go to the business.

David Wiener: Excellent. I don't want to get too far ahead of ourselves. That's why we're treating today as part one with Brian. This episode is all about 179D and the June 30th, 2026 window. Next week, we'll bring him back. We'll walk through the R &D tax credits. So subscribe now if you don't want to miss that follow up ⁓ be notified when that episode drops. Let's give people some clear next steps and a couple of questions we get all the time. and another question that I was going to ask you is we can actually go back to previous projects with this, right?

Brian Broussard: Right. The one thing about 179D is that we can actually go do a study all the way back to the first year it was enacted in 2006. If the building was put in service in 2006 or later or renovated, we can do a study on a current return. There's no amending for 179D unless we are dealing with a designer, but for building owners, you can catch up that deduction on a 3115.

David Wiener: just like a cross-segregation study.

Brian Broussard: just like a cost segregation. In fact, if you do a cost seg and a 179D study, you can do both adjustments on the same 3115. Yeah, ⁓ was about three years ago, they changed that where you had to do separate ones, but now you can actually put them on the same.

David Wiener: Well that's convenient. Very good. So if somebody thinks they have the opportunity to do a 179D either for a current project or a project about to start or a previous project, what are the first three steps you want them to take right away this week?

Brian Broussard: I'd say let's get a hold of you and let's talk about the building size. It's got to be a commercial building or if it's a residential building, it's got to be four stories or taller. We want to know what the square footage of the building is and what year it was either put in service or the renovations were complete. And with those basic steps and basic information, we can probably put together a pretty quick proposal to give you an idea of what the benefits are going to be and move forward with the potential study.

David Wiener: With that, we don't even need building plans at that point, do we? Asking people for building plans sometimes throws a wrench in the works. I know for cost segregation it does.

Brian Broussard: Not at that point. Not at that point. actually move forward, we'll need to that. them the benefit first and then like, well, know what, if it takes me 10 minutes to grab those building plans for $50,000 savings.

David Wiener: It's worth it. Absolutely. Here's a question that I got from one of our listeners. They said, we upgraded lighting in HVAC in 150,000 square foot building last year. Our CPA mentioned depreciation but never talked about 179D. What can we do and what should we do?

Brian Broussard: Well, I think that we should probably talk. I think that the benefit there for 150,000 square foot building, if it was put in service in 2025, that the deduction could be as I'd say as low as probably about $170,000 on the low end. And then on the high end, if met with the prevailing wage and apprenticeship requirements, that could be over $850,000 deduction. So there's some other things we have to look at with regard to cost. One of the things that we don't have to worry about with new construction is that the deduction will never exceed the cost of the project, right? If you have a new construction building, not worried about that. However, with renovations though, the renovation costs ⁓ the deduction cannot exceed the renovation cost. And what that means is that you can't just change a few light bulbs, spend $10,000 and ⁓ a hundred thousand dollar deduction.

David Wiener: OK.

Brian Broussard: Right. majority of the time, you know, we've only actually had one problem with that in the past. That was on a really, really large multi-storied building where I think they did about four million in renovations and they had about four and a half million dollar deduction. In that situation, they were only able to take a four million dollar deduction because the deduction was larger than what the renovation costs. So they were limited by the majority of time everyone gets. Yeah.

David Wiener: well that's that's just too bad for them only a four million dollar deduction so let's land the plane here with with a quick ⁓ round I warned you about this some myths some hot takes and some quick answers I'm gonna throw out some statements you tell me true false or it depends and give me a quick explanation ⁓ 179 D is only for new massive commercial buildings

Brian Broussard: Okay. False False

David Wiener: Okay? If your CPA hasn't brought up you probably don't qualify.

Brian Broussard: False. False.

David Wiener: We know that's true. We know that's actually false. the big beautiful bill ending 179D new projects, it's probably no longer worth digging into.

Brian Broussard: After June 30th, it depends, right? After June 30th, they're not gonna be able to qualify, but prior to that, let's look at it.

David Wiener: And it's getting to the point now where if they're going to do major renovations, they better start planning them now if they want to get started before then. Brian, this has been great. Let's wrap up with a quick recap and clear the next step for everybody listening. This has been a great opportunity to learn how to turn energy efficient buildings into real tax savings. So today we broke down what 179D actually is, who qualifies, the type of projects that can trigger big deductions. We walked through real world examples where owners unlocked serious savings from work they'd already done, and we dug into the mistakes and myths that caused people to leave money on the table. More importantly, we talked about timing. Under the Big Beautiful Bill, 179D is effectively ending for new projects. But you can still have a powerful window for it. If your project starts before June 30th, 2026, you can still position it to claim 179D. If you own or design commercial buildings, don't wait. Call or email me right away for a free 179D analysis of your building and make sure every qualifying project that starts before that June 30th cutoff is evaluated. help you do that, I've put together a free one-page 179D tax deduction playbook. It gives you simple overview, an eligibility checklist, and the exact questions to ask your advisor. You can grab it right now by subscribing to the Tax Strategy Playbook newsletter. One more thing that I didn't ask you Brian and I make sure I want to cover this in this episode. You said that that for a government building or a nonprofit benefits can be assigned.

Brian Broussard: Right. ⁓ the and the nonprofits, they don't ⁓ have non tax paying entities. They don't have a cost basis to apply the deduction to like you would a building owner. So basically, since that deduction can't be used by them, they get to assign it or allocate it to the designer of that building. Basically, your architecture, engineering firms or who we're looking at that can qualify. Now, one big difference, though, with the designers and ⁓ getting that allocated to them. versus the building owners that building owners can technically go back to 2006 and claim on a current return with designers, they basically have a three year statute of limitations, just like any other taxpayers. So that's the two main differences with the allocation letter and the three year statute versus building owners can catch up on a current return regardless of when it was put in service.

David Wiener: So would the designer or the engineer or the architect, would they pay for the study? Because why would a building owner want to pay for a study that they're going to assign the benefits to somebody else?

Brian Broussard: Right, right. So the architect engineer does pay for the study because they're the ones who benefit. And we work with them and we work with them on the the allocation letter. And so when they're going to this government entity or nonprofit, we usually talk to them upfront, let them know that we're going after the deduction and we got to make sure that deduction is still available, that it wasn't given away to somebody else already. And if it's still available, then we just confirm that they're going to be able to allocate it to us. It really is just a letter that we fill out and they sign that says they're given the deduction. to this designer for their energy efficient designs.

David Wiener: That'd be huge for the companies that like build schools or government buildings on the regular. would benefit greatly from that.

Brian Broussard: ⁓ yeah. And there's no recapture. No recapture on the designers. That deduction gets to carry out until they use it all, unlike potential building owners that might sell down the road.

David Wiener: Gotta love that. Gotta love that. Thanks Brian. I wanted to make sure we got that in this episode because that's big. If you got value from this episode, I got three quick favors to ask of you. Number one, subscribe to the Tax Strategy Playbook on YouTube, Apple, or Spotify so you don't miss the follow-up episode with Brian next week on R &D Tax Credits. Number two, subscribe to the Tax Strategy Playbook newsletter. You'll get free resources including my 2026 Tax Planning Guide,

Brian Broussard: Mm-hmm.

David Wiener: and my 179 playbook along with access to mini episodes and future live streams. Go to techstrategyplaybook.com to sign up and it doesn't cost you a thing just your name and your email address and then share this episode with one investor or owner or designer who's working on a project and needs to know about 179D and the June 30th, 2026 window. Brian, thanks again for joining me.

Brian Broussard: Thank you.

David Wiener: I'm David Wiener, Mr. Cash Flow. This is the Tax Strategy Playbook, where we turn the tax code into your competitive advantage. I'll see you in the next episode with Brian to talk about R &D tax credits.

Brian Broussard: See you next week.