Hold on, a deduction when buying a car?
https://youtube.com/shorts/mkTpKCCjvWc
I saw there’s now a deduction. When you buy a car starting next year, you have to meet requirements. It’s not, it’s kind of, it seems to be replacing the EV credit that we had these last few years. It’s that if you buy a car and you finance it, there’s the interest on that car. This is not your business personal, that you can deduct that as a business expense.
Yeah. So American, yeah, has to be made here in the US. There’s some rules associated with that, but if those check the box, you know, rules up to $10,000 of the interest is deductible as an itemized deduction on your individual income tax return.
This item is very, very, very interesting there.
Leave a Reply