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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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