Can I Break the 20/3/8 Rule for a Work-Related Vehicle?

The Money Guy Show
The Money Guy Show
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Published 2024-07-10
I’m self-employed and the vehicle I drive is 100% work-related. I’m not trying to buy anything new, but I will need a car that’s somewhat expensive. Can I break 20/3/8 since it will be depreciated over 6 years?

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