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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc.

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Old 02-09-2018, 09:01 AM
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TSDaycare TSDaycare is offline
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Default Vehicle Deductions

Are taxes, tags, and title fees deductible on a new vehicle?

I usually do standard rate which for 2017 equals to be $900.
So between insurance, new tires, oil changes, and the new vehicle fees it may be more beneficial if they are deductible, as well as being able to claim depreciation if using actual expenses method?

I will be closing this summer, so changing from standard if I can will not affect me tremendously in the future.
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Old 02-09-2018, 02:09 PM
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TomCopeland TomCopeland is online now
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Default car expenses

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Originally Posted by TSDaycare View Post
Are taxes, tags, and title fees deductible on a new vehicle?

I usually do standard rate which for 2017 equals to be $900.
So between insurance, new tires, oil changes, and the new vehicle fees it may be more beneficial if they are deductible, as well as being able to claim depreciation if using actual expenses method?

I will be closing this summer, so changing from standard if I can will not affect me tremendously in the future.
If you use the actual expenses method for claiming car expenses you can deduct all of the expenses you mention.
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