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

Do you need more 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 One Big Beautiful Bill Act (OBBBA), you can write off the full business cost of certain vehicles and likely big chunks of other vehicles.

Get the Timing Right

Don’t procrastinate. If you want the vehicle deduction, you need to (a) own the vehicle, and (b) place it in business service on or before December 31, 2025.

To ensure compliance with the “placed in service” rule, drive the vehicle at least one business mile on or before December 31, 2025. In other words, you want to both own and drive the vehicle to ensure that it qualifies for the big deductions.1

Now that you have the basics, let’s get to the tax benefits. ... Log in to view full article.