Finance under business

[jboy210]

Read this: Commercial Clean Vehicle Credit | Internal Revenue Service. I just bought a Plaid myself.

Wow. That is nice. We have been leasing through our company, but we are getting older, slowing down, and were going to stop leasing. Maybe a purchase is in order.

 

[dmvevguy]

Hello, I have a small business and just got the CT invite. Will be talking to my CPA soon, but wanted to follow-up to this thread and see if the full 100% bonus depreciation kicks in for the CT? My price will be 102k, would purchase from business in all cash. I see all these different clean credits etc., but I want to be sure I can write off the entire 102k up front this year. I appreciate your feedback on here as I'm gathering information to discuss with CPA, and just want to see if there's anything else I can qualify for from the small business tax credit.

 

[Cobra281]

From what I understand you can accelerate depreciation on 60% of the price of the vehicle for 2024. You'd be better off getting it straight from the horse's mouth though.