How to Depreciate A Car for Taxes
masonwilliam0471
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  • Reads 1
  • Votes 0
  • Parts 1
  • Time 7m
masonwilliam0471
Ongoing, First published Feb 14, 2023
cardeductionsdepreciationtax
The useful life of a vehicle is the amount of time it takes for it to lose 100% of its original value. The IRS considers five years to be standard for most vehicles for tax purposes. Mileage and actual expenses are the two most common ways to depreciate your vehicle for tax purposes.
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