@your.tax.coach: You are going to want to save this AND share this with a fellow business owner bestie! Let’s talk writing off that luxury vehicle you have been keeping your eye on for your business. You have up until Dec. 31, 2022 to be able to write off 100% of your business vehicle. After that, each year the percentage will be reduced by 20% 🚗 2023 = 80% 🚙 2024 = 60% 🚗 2025 = 40% 🚙 2026 = 20% 🚗 2027 = 0% If you are considering purchasing a new business car, you might want to consider it sooner rather than later! Questions? I’m here to help! Drop them below ⤵️ #taxstrategy #savvybusinessowner #savvybusinessowners#savvybusinesswomen #savvybusinesswoman#azsmallbusiness #smallbiz #smallbiztips #smallbiztips#smallbizlove #buildwealth #wealthbuilding #moneymatters#taxcoach #businessfinance #womeninaccounting#taxaccountant #femaleentrepreneur #femaleentrepreneurs#smallbizownerlife #taxtip

Barbara S
Barbara S
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Region: US
Thursday 15 December 2022 22:46:43 GMT
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thistle.world
thistle.world :
Pay attention to the laws being changed!
2022-12-16 22:52:03
4
sqvrh
CC11 :
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2022-12-16 11:59:51
0
petenon4
petenon :
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2023-12-18 01:15:55
0
taylorkinney123743
Taylor Kinney :
Trade with safe company @Alex Sodhani
2023-06-01 23:23:03
0
m444dsm
mads 💋 :
time to buy a g wagon 🙄🙄
2022-12-18 14:33:30
0
user7699103023199
Crystale Shehan :
@jamclaurin_ thanks for helping me to be financially stable. Would be wrong to keep this to myself so I thought of sharing it
2022-12-16 22:25:00
0
chinoevolves
ChinoEvolves :
Such a Cliche thing to say
2022-12-16 20:34:37
0
henryjason356
Jason :
Ms Juanita gave me financial freedom and I’m so happy to be among those talking about the good work of @Juanita Audrey
2022-12-16 19:42:58
0
justinjonesonline
Justin Jones :
You can write anything off you can also hey audited!
2022-12-16 08:16:56
69
edwardlantiguaofficial
Edward Lantigua Tax Advisor :
If the car is resonable and necessary used for business yes you could write it off, you also have to recapture the write off once you sell it. 😳
2022-12-16 13:30:35
31
prollyroastingu
I’m too mean to ppl on TikTok :
Is this really going away in 2023? I haven’t seen that anywhere.
2022-12-16 12:58:43
22
mikeyy_white
Michael :
Pls my parents wrote off 3 cars this year and alr crashed 2 💀
2022-12-16 08:24:49
16
aidan_james_
Aidan MAC :
Yes that is true, BUT if you want to right off 100% you NEED to use it 100% for business
2022-12-17 03:35:15
9
el_chingon8
Hernan Cortez :
really!! no more exceptions, so what now?
2022-12-16 17:53:21
8
drbombayjt
user8315250282606 :
Does the car need to be new
2022-12-16 03:22:53
7
briannadalt
Brianna Dalton :
Can non-travel healthcare workers who are staffed write off mileage to & from the hospital?
2022-12-16 20:20:27
6
beccajeffers1515
BECCA JEFFERS :
I was told if you buy a 6000lb car you only get a 3rd of it written off….
2022-12-16 03:46:52
4
realluiscarlos
realluiscarlos :
You have to prove it’s ordinary and necessary
2022-12-16 01:53:36
4
dasche77
dasche77 :
So much missing info here, i really hope people dont take tik toks as tax advice
2022-12-16 17:21:16
4
screechingpterodactyl1
Eric :
She’s not telling the whole story. Talk to your accountant. The IRS is not stupid.
2022-12-16 15:22:33
4
sportsguy93
Sportsguy93 :
Please please please don’t listen to these people unless your trusted CPA advises this. Why is this crap all over Tik Tok
2022-12-16 14:43:05
4
taydec214
Tayde :
Even she sounds unsure about it..
2022-12-16 17:51:04
4
fromyouraccountant
From Your Accountant :
That vehicle must be 100% for business use. If you use any of it for personal you must reduce it for personal usage
2022-12-17 22:50:47
4
v_rincon
VANE :
Do you pay taxes
2022-12-16 04:12:28
4
success_chemistry
Raphael :
You can also write off your tax bill
2022-12-16 17:26:48
4
melbod84
Hazel’s Mom :
To the extent of business use. 32 year tax auditor. Keep a log to verify your business use, or you’re sending them straight to us.
2022-12-15 23:46:45
4
beefybooterlips
⠀penis :
to write off 100 percent u have to use and prove that that car is used 100 percent of the time for business. it’s not that amazing thing it sound like
2022-12-17 02:19:55
3
psychdog69
user4316761884114 :
The Section 179 100% bonus depreciation is not fully going away it’s phasing down 20% per year beginning 1/1/23. Still a significant write off
2022-12-16 00:01:01
2
beaumontz
Beaumontz :
Just no
2022-12-16 12:41:35
2
bliathor
Blia Thor :
So this is how thr rich get richer and the poor get poorer 😩
2022-12-15 23:37:02
2
robertelderluxrealtor
Robert Elder :
I bought my G wagon this year and now my wife is buying one as well
2022-12-16 12:34:24
2
dd144210
Dillon D :
Jesus Christ consult with a CPA not someone talking on stage. There is MORE to this.
2022-12-18 11:51:41
2
mrdeveyhd
Deyvehd :
You know I haven’t started my business yet but I’m commenting to stay on this side of TikTok, yall my people
2022-12-17 01:10:53
2
thj925
Tim Howar :
Right- and you have to use it 100% of the time for business.
2022-12-17 23:25:43
1
lindamcafee3
Linda McAfee :
A vehicle that weighs over 6000 lbs is definitely heavy equipment and not just a luxury car!
2022-12-15 23:09:14
1
monkleather
MonkLeather :
but you can't write off boots and mileage.
2022-12-15 23:18:11
1
anydaynowoldtown
Mike :
Save money by eating less fast food bigger benefit for you
2022-12-16 13:31:49
1
marrrrisssaa
user2673203147106 :
@Jake Wunderlich of course this is the year it’s decreasing… 🤦🏽‍♀️
2023-06-24 04:16:30
1
drbombayjt
user8315250282606 :
Does it need to be brand new
2022-12-16 03:22:29
1
jaymibaby
Jaymi Hadley :
Can you deduct the cost of a used truck if it’s over 6 thousand lbs?
2022-12-16 01:40:42
1
jaymibaby
Jaymi Hadley :
Is Tesla a car that is able to be written off?
2022-12-16 01:40:14
1
__jmd
👩‍🍼 :
or just commit tax fraud
2022-12-17 01:31:58
1
norb__1
Nor :
That’s so dumb why they taking it away I haven’t started a business yet they need to wait for me to start it 😂
2022-12-16 16:31:22
1
skirtsociety
SkirtSociety :
Wow I’m glad I bought one this year!
2022-12-16 01:23:08
1
chaserittr
chaserittr :
Aye
2022-12-18 01:05:11
1
imso_djwalker
imso_djwalker :
what's the criteria to buy for business?
2022-12-16 00:13:10
1
iamlakesivad
IamLake Sivad :
It’s 80% deduction now so
2023-05-16 23:06:22
0
lexbree
Lexus Bree :
I paid off my lease to own my car this year, can I write it off? 😅
2022-12-16 00:12:55
0
bigbadbrayan
Brayan Mendoza :
What what is the definition of a write-off?
2022-12-17 03:46:43
0
thewfhdiva
thewfhdiva :
Because black people have found out the sauce so now they changing stuff
2022-12-17 03:30:35
0
kylezir
Big Boy KJ :
So basically I can get a G wagon for free because the write off people can just write it off
2022-12-18 02:16:25
0
tattoodavenyc
TattooDave :
Nooooobut why
2022-12-15 23:51:14
0
nancx3
Nancy :
Can I write off my wedding in anyway? 😏
2022-12-19 03:08:49
0
samanthacieslak
Samantha Noel :
In what state?? Not in Michigan!
2022-12-20 01:50:45
0
thirtysomethinglifestyle
Thirtysomethinglifestyle :
So you have to purchase a brand new vehicle or can you purchase a used vehicle to be able to write it off ?
2022-12-21 18:36:17
0
anthonybuffingtonjr
Anthony Buffington Jr. :
Well, this is not 100% true…. but yes you’re on the right track
2022-12-26 02:29:37
0
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