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2018 last-minute vehicle purchases to save on taxes

December 12, 2018

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

Then hurry to your dealership and buy now!

No. I’m not a car dealer trying to make a sale. I’m an accountant trying to get you a big tax deduction for 2018!

Here’s the story…

Thanks to the Tax Cuts and Jobs Act, you can now write off the cost of a vehicle-purchase faster than ever before, including, in many cases, up to 100-percent of the cost!

IMPORTANT

If you want a hefty vehicle deduction, you need to own the vehicle and place it in service before December 31, 2018. Time is running out so act promptly.

You’ll get all the details when you read my new article titled Tax Tips: 2018 Last-Minute Vehicle Purchases to Save on Taxes.

Four strategies you can use
to get deductions on vehicle purchases

Strategy #1: Buy a new or used SUV, crossover vehicle, or van. Your newly purchased vehicle can deliver four big tax benefits. We’ll tell you what they are when you read the full article.

Strategy #2: Buy a new or used pickup. If you put your qualifying vehicle in service by the end of the year, you’ll get four terrific benefits. You’ll learn what they are when you read the full article.

Strategy #3: Buy a new or used qualifying cargo or passenger van. Same story with a happy ending. Put your qualifying vehicle in service in the current year and get four big benefits. You’ll get the whole story when you read the full article.

Strategy #4: Buy a depreciation-limited new or used car. If you purchase and put a new or used qualifying passenger vehicle in use this year, your corporation can claim up to $8,000 in bonus depreciation. More good news. Tax reform increased the 2018 luxury passenger vehicle depreciation limits. We’ll give you all the details when you read the full article.

Filed Under: Cars SUVs Pickups, Corporations, Depreciation, Legislation, Section 179, Tax Planning

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