Article Date:
March 2019


Word Count:
710

 

 

TCJA One Way to Deduct Personal Vehicle Used for Corporate Business


Question

 

I have your new tax course. It’s great. Thanks very much.

 

Before purchasing your tax course last month, I bought a business SUV and then incorporated. Thus, the SUV is in my personal name, but I operate my business as a corporation.

 

I know from your course that because of the Tax Cuts and Jobs Act (TCJA), employee business expenses are not deductible for tax years 2018 through 2025, so I can’t claim my vehicle deductions as employee business expenses.1

 

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