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How will buying a car deduct your taxes?Mortgage Basics
So if you own your own business, you can use IRS code 179. What it means that you can write off the total cost of your car within the first year.
So how it works?
You have to buy a car that weighs more than £6000 and you have to use this car in your business. This will save you a lot of money on taxes. So talk to your CPA and see if this rule will help you.