G-Wagons, one of the symbols of magnificence and luxury in the automotive world, are not easy to buy. When purchased, it can actually provide a tax deduction! But how?
Even though the price is expensive, if you can manage to own a Mercedes G-Wagon in America You can avoid tax legally.
In fact, many companies use it as a company car just for this reason. He prefers to buy a Mercedes G-Wagon. Let’s see what’s the real story behind this?
There are different ways companies choose to avoid taxes.
Companies often try many ways to avoid taxes. Tries to benefit from tax incentives, increases expenses that can be considered as expenses, artificial debt It can reveal… In the method where they try to show expenses by buying things that can be shown as expenses, they cannot show all the cars as expenses.
Of course, the situation changes if they have a Mercedes G-Wagon… G-Wagon They can show up to $130,000 in expenses and benefit from a tax deduction!
A special corporate business tax law in the US makes this legal.
According to Law No. 179 in the USA, company owners can show their cars as expenses and benefit from tax deductions. Mercedes G-Wagons, which are considered luxury cars, also have an advantage here because their weight exceeds 3 tons and is entitled to a discount.
Of course, there are some conditions.
In order for this discount to apply, the car must be used for more than 50% commercial purposes. It is also mandatory to have the company’s name on the vehicle title. Oh, and there is another point: car in the current tax year to qualify for tax deduction. before December 31 needs to be purchased.
In short, when all these conditions are met, companies with Mercedes G-Wagon, legally gains a tax deduction.
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