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Copy Of Car Depreciation Tax Deductions
The useful life of a vehicle is the amount of time it takes for it to lose 100% of its original value. The IRS considers five years to be standard for most vehicles for tax purposes. Mileage and actual expenses are the two most common ways to depreciate your vehicle for tax purposes. The general idea behind car depreciation for taxes is to spread the cost of a car out over its “useful life,” inst
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