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Old 12-10-2008, 06:34 AM
moneysense moneysense is offline
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Default New car or truck deduction

Were you aware of the fact that if you buy a new car or truck to drive only for your business that you can take a bonus deprecation deduction of up to $11,160? But the vehicle has to be used only for business purposes.

You can also take a deduction on some hybrid cars.
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Old 12-11-2008, 05:41 AM
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dimetime dimetime is offline
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Default Re: New car or truck deduction

Is this something that is just for cars or trucks which are new? Or is it for used as well that are soely used for business?
This information is great for those who can use it. That kind of a reduction can be extremely helpful.
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