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Purchasers of certain Kenworth medium-duty hybrid vehicles in the U.S. are eligible for a tax credit of up to $12,000.
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Reimbursement doesn’t work from an HR or safety & liability perspective, is counter-productive to corporate ‘green’ initiatives, can negatively impact the company image, and FAVR reimbursement programs may not be SOX-compliant.
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Save substantial tax dollars by titling your new luxury auto in your personal name.
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Remember the so-called $100,000 luxury SUV tax loophole? It’s been closed. Sport utility vehicles placed in service after Oct. 22, 2004 with a GVWR over 6,000 lbs. are now limited to a business-use first year deduction of $25,000.
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