An intentionally-overlooked tax loophole will allow any self-employed person to claim tax deductions for the purchase of an SUV.
" It kicks in for individuals with small businesses, potentially anyone merely filing as self-employed. Depending on the tax bracket, and especially for those affluent enough to afford street behemoths with big price tags, this generous depreciation deduction could be enough to cover the cost of another vehicle, say a middle-class stalwart sedan like the Honda Accord or Ford Taurus."
Thanks to Chris Steins
FULL STORY: A Hummer-Sized Loophole
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Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
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