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It is almost a cliché to sigh in disdain when tax season rolls around. Very few of us find joy in filling out the necessary paperwork, tracking down loose receipts and jumping through all other fiery hoops necessary to fulfill your responsibility as a tax-paying citizen of this country. In completing these forms, many unfortunately look for the path of least resistance–anything to get them done and sent to the IRS as quickly as possible. In doing so, however, many business owners may miss out on money-saving tax deductions.
When thinking of common business tax deductions, we think of the likes of life insurance premiums and commute costs, but what about the products our business provides? Are car signs tax deductible?
By and large, car magnets, stickers, wraps and other signage on your vehicle can be tax deductible. However, deductions may vary depending on how your vehicle is used. Though speaking to an accountant is suggested in order to ascertain what costs are tax deductible, some common exemptions are included for:
With car signs as a simple, elegant and effective solution for your marketing strategy, they make even more sense when you consider the potential tax deductions you may see as a result. If you are looking for the right car sign for your business, our team of experts is happy to lend a hand in making your vehicle start driving traffic to your door.