Tax & Accounting News

Did you know? High fuel-efficient vehicle

by
Lee Reams II
on
7/29/2015
Did you know? High fuel-efficient vehicle

Did you know that by using the business standard mileage rate with a high fuel-efficient vehicle, it is conceivable that a taxpayer's vehicle deductions could be more than the actual cost of operating the vehicle? There is no restriction in the tax code barring this difference from being deductible.

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Lee Reams II

Lee Reams II

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