Maximizing Deductions – Car & Truck Expense – LNK Tax Group

If you are self-employed, your deduction for the business use of your vehicle could reduce your tax bill by thousands of dollars! Tracking your mileage is absolutely necessary whether you use the actual expense method or standard mileage allowance for claiming the ┬ádeduction. Two Methods for Claiming the Car Deduction: Actual expense method Mileage allowance … Continue reading Maximizing Deductions – Car & Truck Expense – LNK Tax Group