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Is a car deductible? This is a question that is not easily answered and you should talk to your accountant before you purchase your car. It might save you a lot of money and influence your decision. The deductibility might also be influenced by the type of car that you buy, if it is a truck or a car for example. It also might be to your advantage to purchase your car through a corporation if you have one as it might be deductible in that situation. |
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A lot of the information on this site was taken from the FTC. Some of it copied directly. If you want, call them at 1-877-FTC-HELP |