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Save on taxes: Bonus depreciation for small business vehicle purchase
Did you make small business vehicle purchases in 2022? Learn everything you need to know about saving on taxes based on those vehicles you bought last year. New tax codes allow you to get your total tax break up front instead of spreading the deduction out over the life of your vehicle or asset. Two tax codes — Section 179 deduction and bonus depreciation — make it possible to take advantage of the depreciation now.
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Our customers bring us their complex challenges. Drawn from diverse cultures and experiences, we always seek a better way. WEXers approach every opportunity with ingenuity, curiosity, and tenacity. We’re ready to simplify your business.