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The Monterey County Herald on MSN10h
Barry Dolowich, Tax Tips: Purchase or lease cars?
For tax purposes, should I purchase or lease. Which way am I better off? Answer: The choice between purchasing and leasing a car involves personal, economic and business considerations. Some of the ...
By now, we should all know that cars aren’t assets. For most drivers, anyway, a vehicle is a rapidly depreciating expense. Unfortunately, certain buyers get the shock of their lives when they realize ...
However, thanks to the so-called "lease loophole," even those vehicles ineligible due to the manufacturing restrictions can still receive the credit. That's because they're not technically being ...