Are Car Lease Payments Tax Deductible? Personal Finance How Many Years Can You Depreciate a Vehicle on Your Taxes? Personal Finance List of Tax Write-Offs for the Self-Employed Lease Payments If you lease rather than purchase your vehicle outright, you can deduct the lease payments -- again, ...
If you buy a new car, pickup truck, motorcycle or motor home in 2009 you could qualify for a new sales tax deduction, thanks to the stimulus law passed on February 17, 2009.
Therefore, you are required to purchase property insurance amounting to $1.2 million or more. But since you find that amount too big, and would want to save some money, you only purchase insurance worth $900,000. An earthquake happens, and the replacement cost is found to be $500,000. B...
Save even more: purchase a plug-in hybrid or electric vehicle and claim a $7,500 tax credit.If you use your personal property or assets for your business, you can generally deduct these costs of these as business expenses. Let's look at some examples:Deduct your phone bills: if you use...