How to Write Off a Vehicle in 2026 (NEW Tax Code Changes)

Here's a new update on How to write off the vehicle in 2025. There have been a few updates to the tax code that makes using the vehicle tax deduction even more powerful. Watch this entire video to get a full understanding of these updates and how they can help you. 👉 Work with Us: https://schedule.lyfetaxes.com/discoveryapplication?video=gApjt8C3D2Y Subscribe: https://bit.ly/2HJlq46 Timestamps Update on How to Write Off a Vehicle (0:00) #1 Two Methods for Vehicle Tax Deduction (1:02) #2 Maximizing Depreciation for Cars (4:37) #3 Section 179 and Bonus Depreciation (7:28) #4 Standard vs Actual Method (11:12) #5 Important Notes & Frequently Asked Questions (13:47) Depreciation Recapture (15:14) More Popular Videos: Buy or Lease a Vehicle: https://youtu.be/0r1Yh5M5Nxo Single Member LLC, What You Must Know: https://youtu.be/iHy1xLYqS6Q Small Business Taxes for Beginners: https://youtu.be/Rz0l57A2iEk How to File Your Taxes as an LLC: https://youtu.be/vqsghJV1AbU Taxes for Beginners: https://youtu.be/Cox8rLXYAGQ IRS Receipt Requirements: https://youtu.be/R7BNZPCz310 Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).