Use Your Car to Lower Your Taxes
Hey, everybody, did you know the IRS tax code allows you to use cars to lower your taxes? Let me tell you a few ways.
One, when you drive around on business, you get to use the mileage as a tax write-off. Also, if you’re paying that car off, you can apply the business portion of the monthly payment towards your taxes. Or, even better, you can have your business buy the car, add it as an asset, and then get some breaks, including depreciation. You could even rent beautiful cars like this for business meetings or travel. As long as it’s for business, you get to write it off.
I’m Eric Pierre, your favorite CPA. Give me a call and learn how we can help you keep more money in your pocket and less in Uncle Sam’s.