🚗 Intereses de Vehículos y la NUEVA Regla OBBB: Hasta $10,000… Pero NO para todos
🚗 Can I deduct my vehicle interest on my taxes? The short answer is: it depends. The right answer can save you thousands of dollars… or get you into serious trouble with the IRS. In this episode of Edward Lantigua's "Este Lado," Edward Lantigua, EA, NTPI Fellow, explains how vehicle interest deductions actually work under current IRS rules and the relevant changes introduced by the One Big Beautiful Bill (OBBB). 🚨 This episode is KEY for business owners, freelancers, and tax professionals. 📌 In this episode you will learn: ✅ When you CAN deduct vehicle interest ✅ When it DOES NOT qualify, even if the car is registered to the business ✅ Difference between personal and business use ✅ Rules for employees, the self-employed, and businesses ✅ Financed vs. leased vehicles ✅ Common mistakes with SUVs, pickups, and luxury cars ✅ How to properly document the percentage of business use ✅ What the IRS reviews in a vehicle audit ⚠️ Important warning: Not all vehicle loans generate a valid deduction. 👉 Personal interest is NOT deductible. 👉 Business use must be proven with evidence. 🚗 Vehicle Interest: What the IRS Actually Allows ✔️ Only interest proportional to business use ✔️ Mileage records required ✔️ Different rules apply to: Sole proprietors LLCs S-Corps C-Corps 🚫 Ineligible: 100% personal vehicles Interest without documented business use “Business cars” without actual proof 🔍 Common Mistakes That Lead to Audits ❌ Deducting 100% of interest without mileage ❌ Mixing personal and business expenses ❌ Not separating personal vs. business loans ❌ Assuming that having an LLC makes everything deductible ❌ Not keeping loan statements 👉 If you can't prove it, the IRS will disallow it. 🎓 Pro Tax Zone – Official Community on Skool This topic is covered in depth within Pro Tax Zone, our private community on Skool, where you'll find: ✔️ Recorded lessons on vehicles and expenses ✔️ Real-world audit cases ✔️ Examples by entity type ✔️ Constant IRS updates ✔️ A community of professionals and business owners 🚀 Join Pro Tax Zone on Skool Pro Tax Zone Community (This topic is part of the expenses and deductions module) 📲 Follow us on Social Media 🔹 Instagram: @edwardlantiguaofficial 🔹 Instagram: @reactiontax 🔹 YouTube & Facebook: Edward Lantigua Official 📢 Real content on taxes, vehicles, audits, and tax strategies — no shortcuts, no fluff. 📢 Resources and contact: 📌 Schedule a consultation: booknow.reactiontax.com 🌐 Website: reactiontax.com 📧 Email: [email protected] 📞 Phone: 212-304-1279 🔔 Subscribe, like, and share this episode. This topic is one of the most frequently audited by the IRS and one of the most poorly explained on social media. #VehicleInterest #VehicleDeductions #BusinessTaxes #IRS #OBBB #TaxPlanning #BusinessExpenses #EdwardLantigua #ProTaxZone #SkoolCommunity #SmallBusinessTax #SelfEmployed #LLC #SCorp #USTaxes #PodcastInSpanish

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