Tax Reduction Letter - Don’t Do the Worst Thing You Can Do to Your New Vehicle Deductions

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Article Date:

April 2008

Word Count:

150

Don’t Do the Worst Thing You Can Do to Your New Vehicle Deductions

If you get a big tax break this year on your car, SUV, van, or truck, make absolutely, positively sure that you do not let your business use drop to 50 percent or less in the next couple of years. Why? If business use drops to 50 percent or less, you must

recapture your Section 179 deductions, and

recapture your MACRS deductions.

In summary: aim gun, shoot foot.

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