And a new truck is a tax write off
My brother has a small biz doing construction inspections for lenders and he buys a new 4wd crew cab whenever his accountant says to.
It’s buy a new truck for the write off or pay the IRS
His new one this year was $66k
Save him $40k on taxes
Buying a new truck is more for reliability and need than a tax break. He should look at other ways to invest in the business and see if he can shift that money into a SEP.