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After Tax Reform, Do Business Meals Remain Deductible CLA

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After Tax Reform, Do Business Meals Remain Deductible CLA

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code section 179 in combination with bonus depreciation will allow for a business owner to write off a hundred percent of their businesses vehicle in the first year but this tax deduction is not taken by just leveraging code section 179 code section 179 is going to give you an 18 100 deduction for the year you have to leverage this tax code in combination with bonus depreciation so this is a two-part tax strategy once you purchase the vehicle you can 179 it to claim to 18 100 but if you want to write off a hundred percent of the purchase price of that vehicle whether you've claimed opm or not whether you've taken out a loan or not you're going to need to go ahead and make sure you're using bonus depreciation on the tax return

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