Posts Tagged ‘Tax Benefits’
Tax Section 179 Explained: Deducting a Work Truck or SUV As a Business Expense
Many people work for themselves these days and rely on a truck or SUV for their job – whether they are carrying supplies to a work site in their truck or visiting clients in an SUV. Fortunately, the U.S. Tax Reform Act passed in 2017 enables self-employed people to write off a portion of their…
Read MoreHow Much Can You Get for a Car Donation?
When you are looking to get rid of your car, there are several options that you will have. While some will choose to sell their car to a private party or trade it in to a dealership, another great option would be to donate the car to charity. There are several reasons why you should consider donating your car.
Read MoreThe Tax Benefits of a Car Donation
Donating your car can save you the hassle of trying to sell it yourself, and it is tax deductible. The tax deduction is a big reason why many car owners choose to donate, and if you’re thinking the same, it’s important to know that the process is simple, especially if your vehicle is worth $500 or less.
Read More