Monatsarchive: Juni 2022

How Much Does a Small Business Pay in Taxes?

During 2023, you used the car 60% for business and 40% for personal purposes. You can only deduct $360 (60% (0.60) × $600) for 2023 on Schedule C. The remaining interest of $240 is a nondeductible personal expense. You cannot … Weiterlesen

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