
Thursday Jul 20, 2023
37 \\ Tax Hacks for Business Vehicles: What the IRS Doesn't Want You to Know
Thinking about buying a vehicle for your business? In this episode, we’re breaking down everything you need to know about using Section 179 to maximize your tax savings. Whether your vehicle weighs over 6,000 pounds or falls into another category, I’ll explain the rules, limits, and strategies to make the most of this deduction. Learn the difference between Section 179 and bonus depreciation, how to calculate your business use, and whether you can still claim the deduction if the vehicle is purchased personally. Plus, we’ll cover tips for keeping proper documentation and avoiding common mistakes. If you’re a small business owner looking to optimize your taxes with smart vehicle purchases, this is the episode for you. Tune in to get the details and start saving!
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
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📧 Contact Me --> hello@phillipsbusinessgroup.com
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