Driver's Seat: Jay Soled, a professor of accounting and information systems at Rutgers University, offers tips on claiming vehicle usage as a business expense. A: The IRS code governing vehicle use ...
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Is Car Loan Interest Tax Deductible?
Car loan interest can be tax deductible, but only in specific situations. If you’re a business owner or self-employed and use the vehicle for work, you may be able to deduct some of all of the ...
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