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Deep Dive: Tax Deductions For Motor Vehicle Expenses
The most common question accountants get asked is “what can I claim as a tax deduction?” and one of the most common things people ask us to do is to “just claim the standard deduction.” The good news is that motor vehicles are one of the most commonly claimed larger value items, and the bad news is that there is no such thing as a standard deduction. In this blog post we are going to take a deep dive into when you can claim for car expenses and how to make sure you are making a valid claim.