Turn Your Business Vehicle Into a Tax-Smart Asset If you’re self-employed or run your business through an S Corp or C Corp, and your business owns your vehicle, listen up—this strategy could save you money and keep the IRS happy. Business vs. Personal Use Matters Let’s say you drive your business-owned vehicle 80% for work...Continue reading
As 2024 comes to a close, there is still time to reduce your tax liability through strategic vehicle purchases for business vehicle tax deductions. Whether you need a new SUV, pickup, van, or electric vehicle, there are significant deductions and credits available—but timing and proper planning are key. At Ken-Mar Tax, we specialize in helping...Continue reading