Estimated Tax Tip Savings: A year-end car, truck, van, or SUV purchase for business use can entitle you to tens of thousands of 2014 deductions for each vehicle you purchase.
If you’re planning to purchase a vehicle for your business use, consider the tremendous tax advantages to doing it before the end of 2014, especially since you now face the highest federal income tax rates in 28 years.
The good news is that some careful tax planning can dramatically increase your deductions on cars, trucks, vans, and SUVs, even luxury and used vehicles. But now—before December 31—is the time to get into the showroom so you qualify for 2014 tax savings.
Although we’ll outline seven strategies for taking advantage of these potentially five-figure tax savings, there are two simple criteria you must meet... Log in to view full article.