business vehicle deduction

Some businesses rely on a vehicle or even a fleet of vehicles to perform their daily tasks. You might have a plumbing business, for example, and a van that takes you from one customer to the next. Your bakery might have a delivery truck, insuring that local restaurants all have freshly baked bread each morning.

Whatever the reason for your business vehicle use, you need to know that there are implications from the business use of vehicles. Here are some things you need to know about the business vehicle deduction as far as the government is concerned:

Business Vehicle Deduction Considerations

•Not all vehicles qualify for the business vehicle deduction. For example, vehicles that are used as equipment – such … Read more →

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