{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"IRS HATES This Car Tax Write-Off (Business Owner Guide)","description":"The truth about writing off your vehicle as a business owner that nobody tells you. My contractor buddy Mike bought a $92,000 truck thinking it was a &quot;full tax write-off&quot; - but is the IRS really okay with that? &amp;nbsp; In this video, I break down: - The two methods for vehicle tax deductions (standard mileage vs. actual expenses) - Common vehicle deduction myths that could trigger an audit - How Section 179 REALLY works (and why people misuse it) - When a vehicle write-off is legal and when it's an audit risk - The documentation you MUST keep to protect yourself &amp;nbsp; FREE RESOURCES: \ud83d\ude97 Best Mileage Tracking Apps: https:\/\/timeero.com\/post\/best-mileage-tracking-apps&amp;nbsp; \ud83d\udcb3 Top Credit Cards for Business Gas Purchases: https:\/\/teachingmillionaires.com\/recommends\/gas-cards&amp;nbsp; \ud83d\udcca Bookkeeping Tools I Recommend: https:\/\/teachingmillionaires.com\/recommends\/quickbooks&amp;nbsp; &amp;nbsp; \ud83d\udcd6 Chapters 00:00 - Can You Write Off Your Car? 01:01 - Mike's $92K Truck Story 02:04 - Tax Deductions vs. Business Growth 02:37 - Two Vehicle Deduction Methods 03:12 - Standard Mileage Method Explained 04:19 - Actual Expense Method &amp;amp; Section 179 05:55 - Three Steps to Legal Vehicle Deductions 06:54 - Real Numbers: Mike vs. Emma 08:03 - Smart Tax Planning Advice &amp;nbsp; #VehicleWriteOff #SelfEmployed #Section179 &amp;nbsp; \u26a1\ufe0f Connect with Rich: \u25b6\ufe0f Subscribe for weekly financial insights: https:\/\/teachingmillionaires.com\/youtube-subscribe&amp;nbsp; \ud83d\udcf1 Follow on Instagram: https:\/\/teachingmillionaires.com\/instagram&amp;nbsp; \u2716\ufe0f X: https:\/\/teachingmillionaires.com\/twitter \ud83d\udcd8 Facebook: https:\/\/teachingmillionaires.com\/fbgroup \ud83c\udf10 Website: https:\/\/teachingmillionaires.com \ud83c\udfa7 Apple Podcasts - https:\/\/teachingmillionaires.com\/apple-podcast&amp;nbsp; \ud83c\udfa7 Spotify - https:\/\/teachingmillionaires.com\/spotify-podcast&amp;nbsp; &amp;nbsp; \ud83d\udc65 About Rich Smith: Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps. \ud83d\udccc This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only. ","author_name":"Teaching Millionaires","author_url":"https:\/\/TeachingMillionaires.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/36299990\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/daa520\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/36299990"}