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 deduction. Two Methods for Claiming the Car Deduction: Actual expense method Mileage allowance…
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