Article Date:
November 2021

Word Count:



2021 Last-Minute Vehicle Purchases to Save on Taxes


Do you need a replacement business car, SUV, van, or pickup truck?


Do you need tax deductions this year?


If you answered yes to both questions, you need to examine this article and get ready to smile.


Thanks to the Tax Cuts and Jobs Act (TCJA) tax reform, you can write off the cost of a vehicle purchase faster than ever before—including, in many cases, up to 100 percent of the cost in 2021.


Get the Timing Right


Don’t procrastinate. If you want the vehicle deduction, you need to



own the vehicle, and


place it in business service on or before December 31, 2021.


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