{"id":11472,"date":"2023-11-17T07:00:32","date_gmt":"2023-11-17T13:00:32","guid":{"rendered":"https:\/\/www.cainwatters.com\/digitalblogs\/?p=11472"},"modified":"2023-11-20T14:16:02","modified_gmt":"2023-11-20T20:16:02","slug":"tax-deduct-car-to-business","status":"publish","type":"post","link":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/","title":{"rendered":"Deducting Your Car to Your Business"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11472\" class=\"elementor elementor-11472\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-1a66e81c elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"1a66e81c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59ffdaf1 ae-bg-gallery-type-default\" data-id=\"59ffdaf1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13eb0a37 elementor-widget elementor-widget-heading\" data-id=\"13eb0a37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Deductions for the Business Use of Your Vehicle<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-783242d2 elementor-widget elementor-widget-text-editor\" data-id=\"783242d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If there is a list of top questions CWA advisors get, how to deduct a vehicle purchase and related vehicle expenses would be near the top. One reason is that we are all looking for a reasonable tax deduction, but the caveat is that the answer isn\u2019t as simple as we\u2019d like.<\/p><p>\u201cIt\u2019s no surprise why this is such a compelling topic,\u201d says <a href=\"https:\/\/www.cainwatters.com\/scott-clynch\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #33cccc;\">CPA Scott Clynch<\/span><\/a>. \u201cBut from a client\u2019s perspective, it\u2019s confusing. And from a tax law standpoint, the rules seem to change constantly.\u201d<\/p><p>Add to the moving target that not all CPAs agree on how to approach this deduction, it\u2019s clear why, year after year, this always comes up.<\/p><p>The short answer: You can deduct your vehicle<em> if it is used for business purposes.<\/em><\/p><p>The real answer: How much you can deduct each year depends on several factors.<\/p><h5><strong>VEHICLES USED FOR BUSINESS PURPOSES<\/strong><\/h5><p>Your vehicle must be used for business purposes to qualify for deductions.<\/p><p>Business purposes may include travel from one workplace to another, additional trips to supply stores, satellite locations, the bank or trips to business meetings away from your regular workplace. It does not include trips to and from your home to your office.<\/p><p>Additionally, if you use the car for both business and personal purposes, <em>you may only deduct the portion that\u2019s for business use. <\/em><\/p><h5><strong>TYPES OF DEDUCTIONS<\/strong><\/h5><p><strong>Deductions on Business Expenses:<\/strong> If you use your vehicle for business purposes, you can deduct a portion of the cost of ownership and operation of your vehicle. <em>This is limited to the percentage in which you drive your vehicle for business purposes.<\/em> Ownership and operation should be paid through the business.<\/p><ul><li>Ownership: This is the purchase price of the vehicle. The deduction is based on the vehicle\u2019s weight being over or under 6,000 lbs. While there are no maximum vehicle costs, this is limited, in part, to the portion you drive for business purposes.<\/li><li>Operation: These are all other expenses related to owning the vehicle (insurance, gas, maintenance, repairs, etc.) Deductions including operation expenses are also limited to the portion you drive for business purposes.<\/li><\/ul><p><strong>Depreciation: <\/strong>There are three methods to depreciate your vehicle. Sometimes you use all three in a year; sometimes you use only one or two.<\/p><p>You usually use all three methods in the year you purchase the vehicle. Every year after, for the next four years, you use MACRS only (the other two are only used in the year of purchase).<\/p><ul><li>Section 179 Depreciation- Tax benefits from Section 179 of the tax code are limited to <strong>$10,200 for cars under 6,000 lbs. and <\/strong>$26,200 for cars 6,000-14,000 lbs. and must be used in year one only.<\/li><li>Bonus Depreciation- Bonus depreciation can be taken on top of Section 179 depreciation in the initial year of the vehicle purchase. For cars under 6,000 lbs., the cap is $8,000. There is no cap for vehicles over 6,000 lbs.<ul><li>You are limited to the percentage of business use for bonus depreciation.<\/li><\/ul><\/li><li>MACRS Depreciation \u2013 If there is any tax basis left over after applying Section 179 and bonus deductions, then you can qualify for MACRS depreciation. MACRS allows the capitalized cost of an asset to be recovered over a specified period via annual deductions, published by the IRS.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-2a5ec2e blue-box elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"2a5ec2e\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f7594b0 ae-bg-gallery-type-default\" data-id=\"2f7594b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6afefa20 elementor-widget elementor-widget-text-editor\" data-id=\"6afefa20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Depreciation Example: If you purchase a 6,000-pound car for $100,000 that you drive 60% for business use, you can technically take all the Section 179 maximum limit ($26,200), which would leave $73,800 available for depreciation. On that $73,800 amount, you can also take bonus depreciation at the percentage used for business purposes ($73,800 x 60%).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-2548bac1 elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"2548bac1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5c9c973b ae-bg-gallery-type-default\" data-id=\"5c9c973b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6aca0846 elementor-widget elementor-widget-text-editor\" data-id=\"6aca0846\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u201cIf you want to use Section 179, not only must the vehicle be titled in the name of the business, but it really matters if the Gross Vehicle Weight Rating of the car is under 6,000 pounds,\u201d says Scott. \u201cBasically, to get the most bang for your buck, your car needs to be over 6,000 pounds.\u201d<\/p><p>Benefits from depreciating your car are significantly limited if your car\u2019s Gross Vehicle Weight Rating (GDWR) is under 6,000 lbs. Gross Vehicle Weight Rating is the vehicle\u2019s weight plus the weight of passengers and cargo. You can find this number on the car door panel or do a quick internet search for the make and model.<\/p><h5><strong>WHAT IF?<\/strong><\/h5><ul><li>You lease your car: Owners can deduct some expenses if they lease it; the rules are different. Section 179 is available to all vehicle types if you drive it for more than 50% business use.<\/li><li>It\u2019s a luxury car: The deduction is based on whether the weight is over or under 6,000 lbs. The cost of the vehicle doesn\u2019t make a difference. A Mercedes G Wagon is treated the same as a Honda Civic.<\/li><li>You sell your car soon after you bought it: In some situations, you must \u201crecapture\u201d some of the depreciation you took on a vehicle if you sell it afterwards. The result is taxable income to you in the year you sell the vehicle. Ask your CWA advisor about the tax implications of this.<\/li><\/ul><h5><strong>DON\u2019T DO THIS<\/strong><\/h5><ul><li>Write off the purchase price and claim the standard mileage deduction in the same year.<\/li><li>Deduct a depreciation amount more than your business&#8217;s net income for the year if using Section 179.<\/li><li>Deduct more than one vehicle on your tax return at any time.<\/li><li>Claim 100% business use (this is a red flag for the IRS).<\/li><li>Fail to <a href=\"https:\/\/www.cainwatters.com\/digitalblogs\/irs-increases-gas-mileage-deduction-2022\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #33cccc;\">keep mileage records<\/span><\/a>.<\/li><\/ul><p>There are ample opportunities for business owners to take advantage of the tax benefits. But it is more complicated than it seems to ensure you get the full extent of the allowable deductions while not exposing yourself to the risk of audit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-106d9866 elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"106d9866\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-544f4efd blue-box ae-bg-gallery-type-default\" data-id=\"544f4efd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f01ebc elementor-widget elementor-widget-text-editor\" data-id=\"3f01ebc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Your Cain Watters financial advisor has you covered. Find out how we\u2019re helping thousands of clients nationwide at <a href=\"https:\/\/www.cainwatters.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #33cccc;\"><strong>cainwatters.com<\/strong><\/span><\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Tax Deductions for the Business Use of Your Vehicle If there is a list of top questions CWA advisors get, how to deduct a vehicle purchase and related vehicle expenses would be near the top. One reason is that we are all looking for a reasonable tax deduction, but the caveat is that the answer [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":11478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16,41,21],"tags":[],"ppma_author":[48],"class_list":["post-11472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-news-feature","category-featured","category-tax-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deducting Your Car to Your Business<\/title>\n<meta name=\"description\" content=\"Tax deductions for the business use of your vehicle is a top concern for business owners. And how much you can deduct each year depends on several factors. We outline the IRS regulations in our blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deducting Your Car to Your Business\" \/>\n<meta property=\"og:description\" content=\"Tax deductions for the business use of your vehicle is a top concern for business owners. And how much you can deduct each year depends on several factors. We outline the IRS regulations in our blog.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Cain Watters Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-17T13:00:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-20T20:16:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"CWA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CWA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/\"},\"author\":{\"name\":\"CWA\",\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/#\/schema\/person\/5377defb92fcf06c1ff8504bf9880267\"},\"headline\":\"Deducting Your Car to Your Business\",\"datePublished\":\"2023-11-17T13:00:32+00:00\",\"dateModified\":\"2023-11-20T20:16:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/\"},\"wordCount\":964,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg\",\"articleSection\":[\"Digital News Feature\",\"Featured\",\"Tax News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/\",\"url\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/\",\"name\":\"Deducting Your Car to Your Business\",\"isPartOf\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg\",\"datePublished\":\"2023-11-17T13:00:32+00:00\",\"dateModified\":\"2023-11-20T20:16:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/#\/schema\/person\/5377defb92fcf06c1ff8504bf9880267\"},\"description\":\"Tax deductions for the business use of your vehicle is a top concern for business owners. And how much you can deduct each year depends on several factors. We outline the IRS regulations in our blog.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage\",\"url\":\"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg\",\"contentUrl\":\"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cainwatters.com\/digitalblogs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Deducting Your Car to Your Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/#website\",\"url\":\"https:\/\/www.cainwatters.com\/digitalblogs\/\",\"name\":\"Cain Watters Blog\",\"description\":\"Long Term Solutions for Financial Independence\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cainwatters.com\/digitalblogs\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cainwatters.com\/digitalblogs\/#\/schema\/person\/5377defb92fcf06c1ff8504bf9880267\",\"name\":\"CWA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/7cd3f0890490030e268fd26d8201e65299246a9877bf0580593351d6e7b2d23b?s=96&d=mm&r=g6624cf3b6f65cf286af28a8c7bd86693\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7cd3f0890490030e268fd26d8201e65299246a9877bf0580593351d6e7b2d23b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7cd3f0890490030e268fd26d8201e65299246a9877bf0580593351d6e7b2d23b?s=96&d=mm&r=g\",\"caption\":\"CWA\"},\"url\":\"https:\/\/www.cainwatters.com\/digitalblogs\/author\/paigeworley\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Deducting Your Car to Your Business","description":"Tax deductions for the business use of your vehicle is a top concern for business owners. And how much you can deduct each year depends on several factors. We outline the IRS regulations in our blog.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/","og_locale":"en_US","og_type":"article","og_title":"Deducting Your Car to Your Business","og_description":"Tax deductions for the business use of your vehicle is a top concern for business owners. And how much you can deduct each year depends on several factors. We outline the IRS regulations in our blog.","og_url":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/","og_site_name":"Cain Watters Blog","article_published_time":"2023-11-17T13:00:32+00:00","article_modified_time":"2023-11-20T20:16:02+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg","type":"image\/jpeg"}],"author":"CWA","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CWA","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#article","isPartOf":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/"},"author":{"name":"CWA","@id":"https:\/\/www.cainwatters.com\/digitalblogs\/#\/schema\/person\/5377defb92fcf06c1ff8504bf9880267"},"headline":"Deducting Your Car to Your Business","datePublished":"2023-11-17T13:00:32+00:00","dateModified":"2023-11-20T20:16:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/"},"wordCount":964,"commentCount":0,"image":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg","articleSection":["Digital News Feature","Featured","Tax News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/","url":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/","name":"Deducting Your Car to Your Business","isPartOf":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage"},"image":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg","datePublished":"2023-11-17T13:00:32+00:00","dateModified":"2023-11-20T20:16:02+00:00","author":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/#\/schema\/person\/5377defb92fcf06c1ff8504bf9880267"},"description":"Tax deductions for the business use of your vehicle is a top concern for business owners. And how much you can deduct each year depends on several factors. We outline the IRS regulations in our blog.","breadcrumb":{"@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#primaryimage","url":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg","contentUrl":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-content\/uploads\/sites\/2\/2023\/11\/car-blog.jpg","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/www.cainwatters.com\/digitalblogs\/tax-deduct-car-to-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cainwatters.com\/digitalblogs\/"},{"@type":"ListItem","position":2,"name":"Deducting Your Car to Your Business"}]},{"@type":"WebSite","@id":"https:\/\/www.cainwatters.com\/digitalblogs\/#website","url":"https:\/\/www.cainwatters.com\/digitalblogs\/","name":"Cain Watters Blog","description":"Long Term Solutions for Financial Independence","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cainwatters.com\/digitalblogs\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.cainwatters.com\/digitalblogs\/#\/schema\/person\/5377defb92fcf06c1ff8504bf9880267","name":"CWA","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7cd3f0890490030e268fd26d8201e65299246a9877bf0580593351d6e7b2d23b?s=96&d=mm&r=g6624cf3b6f65cf286af28a8c7bd86693","url":"https:\/\/secure.gravatar.com\/avatar\/7cd3f0890490030e268fd26d8201e65299246a9877bf0580593351d6e7b2d23b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7cd3f0890490030e268fd26d8201e65299246a9877bf0580593351d6e7b2d23b?s=96&d=mm&r=g","caption":"CWA"},"url":"https:\/\/www.cainwatters.com\/digitalblogs\/author\/paigeworley\/"}]}},"authors":[{"term_id":48,"user_id":7,"is_guest":0,"slug":"paigeworley","display_name":"CWA","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/7cd3f0890490030e268fd26d8201e65299246a9877bf0580593351d6e7b2d23b?s=96&d=mm&r=g","1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/posts\/11472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/comments?post=11472"}],"version-history":[{"count":0,"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/posts\/11472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/media\/11478"}],"wp:attachment":[{"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/media?parent=11472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/categories?post=11472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/tags?post=11472"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.cainwatters.com\/digitalblogs\/wp-json\/wp\/v2\/ppma_author?post=11472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}