Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
November 2014

Word Count:



4 Ways to Turn Your Cars, SUVs, Trucks, and Vans into More Profitable Tax Deductions

Estimated Tax Tip Savings: Because vehicles are large-ticket business expenses, they can generate tax deductions amounting to tens of thousands of dollars, depending on how you manage your transactions.


You can create some smart, very profitable year-end business tax deductions with your existing cars, SUVs, trucks, and vans—if you pay attention. With today’s top federal income tax bracket at a whopping 43.4%, the potential savings can be huge.


The beauty of business tax deductions with your existing cars, SUVs, trucks, and vans is that they reduce both your regular income tax and the dreaded alternative minimum tax (AMT). Even better: since you are the owner-operator of your business, your business tax deductions bypass the passive loss rules.


Think of these year-end business tax deductions as money lying on the table waiting for you to take it. To scoop up this found money, you simply need to ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development