How to Deduct Your Vehicle (Part 1): Deducting a Personal Vehicle for Business

Keep What You Earn

English - August 19, 2022 09:00 - 14 minutes - 14.6 MB - ★★★★★ - 170 ratings
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Previous Episode: How Data and Automation Help You Scale with Chris Hervochon, CPA CVA

Next Episode: How to Deduct Your Vehicle (Part 2): Business Vehicles and Depreciation

If you've been on Instagram lately, you've seen tax professionals and gurus spreading the news about vehicle deductions. This is a great example of a deduction that folks try to take advantage of when it isn't the most beneficial. I'm sharing a two-part series on how to deduct your vehicle the right way. Part one is going to cover a vehicle that you plan to use for business, but it's in your personal name. Part two will cover buying a vehicle in your business's name and all the depreciation tricks that you hear about online.

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.