Tax Savings for Business Owners


 

X5 AND X6 TAX BENEFIT FOR 2018


The newly enacted Tax Cuts and Jobs Act has provided you with the ability to receive a tax benefit as a business owner that purchases an X5 or X6 in tax years 2018 through 2022 - you may be eligible for a 100% write-off of the purchase price!

To qualify, the X5 or X6 must be purchased (not leased) and must be used at least 50% for business purposes. This deduction applies to both new and used vehicles acquired by purchase, so long as the acquiring taxpayer had not previously used the acquired vehicle, and did not acquire the vehicle from a related party.

Please consult tax adviser to determine your eligibility for this potential deduction.

Contact us today to learn more about your potential tax savings!

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