dehaze
THOMPSONS TOYOTA
call
comment

IRS Tax Deductions

Did you know you can potentially save a huge chunk of change this year by deducting your new purchase?

If you’re buying a vehicle to be used for business or commercially, you can deduct up to $18,000 in first year depreciation, or the entire cost of the vehicle if the GVWR is over 6,000 pounds.

Now, a new Tacoma or Tundra work-truck just got a lot more interesting, with the possible IRS tax deductions.

Click the link below to read more from the IRS or, furthermore, call us at 530 622 6232 for more questions on what we can do for you.

Learn more from the IRS here

 

Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers’ tax situation is unique; please consult your tax advisor to determine your business’ vehicle depreciation deduction. For more information, visit https://www.irs.gov/. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability