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Tag: auto

An auto means an automobile.

How to Deduct Your Car Purchase in 2014

Section 179 deductions are the tax magic that let you fully deduct capital assets in the year your purchase them. By combining Section 179 and the depreciation rules regarding purchasing automobiles for business, you can save a good amount of money. Vehicles have special depreciation...  Read More

Why To Track Mileage

If you use your car for your business your CPA has probably told you to track your mileage. The reason is that there are two way to calculate the auto related costs for your car- actual expenses and standard mileage rate- and both rely on knowing the number of business miles you drove...  Read More