Your business might be able to deduct up to 100% of the purchase price of your larger truck or van purchased before December 31, 2020. Our friends at the IRS have detailed new tax benefits that can positively influence your bottom line, regardless of the size of your business.
When purchasing capital such as a work truck that you use in your trade or business, you should always have a tax advisor who is familiar with your specific situation and the current tax laws review your taxes. We, too, are a business, and know how difficult it can be to navigate through these policies, especially as they change year-over-year. Having a trained tax advisor who can determine the vehicle depreciation deduction for your business truck is key.
This blog post about potential tax benefits when purchasing a FUSO work truck is for your information only. We are not making any promises about this offer or that the offer will result in any potential tax benefit or reduced tax liability. Only a tax advisor can answer those questions. After all, each taxpayers’ tax situation is unique.
We recommend that you speak with your tax advisor today and follow up with your local FUSO truck dealership to see what other special offers from FUSO are available on diesel or gasoline work trucks.