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Claim tax deductions on one or two cars?

September 1, 2011

If you’ve got two cars in your household, and are claiming business tax deductions for just one, you may be losing money.

You see, if your circumstances are right, you might get a hefty increase in deductions by using the two-car strategy. How does it work? You’ll get all the details when you read my new article titled Tax Tips: Find New Tax Deductions with Two-Car Tax Strategies. I assure you reading this article will be time well spent!

Three ways our fact-filled article can help you:

  1. Our “Magic Formula” will tell you if you can benefit from the two-car strategy. All you have to do is enter four numbers into our Magic Formula. (Your business miles, total miles, basis or fair-market-value of the vehicles, and an estimate of the sales proceeds.) When you do, our automated calculator will instantly tell you whether the two-car strategy makes sense for you. We’ll explain the details when you read the full article.
  2. Our Magic Formula is extremely easy to use. That’s because we’ve created it in the form of a simple HTML worksheet. You can access it anytime at our Subscriber Resources section or via the link we provide when you read the full article.
  3. We’ll prove that you can use two vehicles for business. Check out the article titled “How the IRS and Courts Have Approved the Two-Car Tax-Deduction Strategy.” We’ll provide a link when you read the full article.

Filed Under: Cars SUVs Pickups, Depreciation, Featured Articles, Tax Planning

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