Take THAT, Taxman.

The incentive referenced is for information purposes only. This information does not constitute tax or legal advice. All persons considering use of available incentives should consult with their own tax or legal professional to determine eligibility, specific amount of incentives available, if any, and further details. The incentive is not within Nissan’s control and is subject to change without notice. Interested parties should confirm the accuracy of the information before relying on it to make a purchase.

For most of us, tax time ranks right up there with root canals and trips to the DMV. It’s that time when we turn our homes and businesses upside down looking for that one receipt from four months ago and an invoice that may or may not be where we last saw it.

Ah, good times.

But it doesn’t have to be all bad. In fact, there are some great ways to make tax time really pay. The first one you might already know about: it’s the $25K Federal tax deduction1 you could get from purchasing either a new TITAN®, NV® Cargo, NV® Passenger or Armada®. You could also deduct up to $11,560 per vehicle on a new NV200® Compact Cargo or brand-new Frontier®.1

But there’s some other potential Federal tax deductions1 that you may not know about. Here are just a few:

  • ADVERTISING AND PROMOTION COSTS — Yes, you just might be able to deduct reasonable advertising expenses that are directly tied to your business activities. This can include business cards, Yellow Pages, newspaper, magazine, TV or radio advertising.
  • BUSINESS USE OF YOUR HOME — If you use part of your home for business, you may be able to deduct some expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs and depreciation.
  • INSURANCE PREMIUMS — Generally speaking, you are entitled to deduct the ordinary and necessary cost of insurance as a business expense as long as it is for your trade, business or profession.
  • TOOLS — The amount spent for tools used for business purposes may be considered a deductible expense as long as the tools have a life expectancy of less than one year or their cost was minor.
  • BUSINESS TRIPS — If the IRS views your trip as “ordinary and necessary” to the course of doing business, then that might be deductible as well.
  • OFFICE SUPPLIES — In some cases, you might be able to deduct the business supplies you purchase.
  • MILEAGE — When you drive as much as you do, it’s a good idea to track your mileage. That could be deductible as well. However, since you will probably need documentation, keep a notebook in your work vehicle to record mileage, tolls, parking costs, etc.

We hope this helps to make tax time a better time for you and your business. But as always, it’s important to consult with a tax professional to confirm applicable deductions and tax benefits.

Quiz

Now get ready to take everyone’s favorite quiz… Is It Deductible?*

See answers at the bottom of this page

  1. Personal travel?
  2. Swimming pools?
  3. Political contributions?
  4. Pet moving?
  5. Education?

The incentive referenced is for information purposes only. This information does not constitute tax or legal advice. All persons considering use of available incentives should consult with their own tax or legal professional to determine eligibility, specific amount of incentives available, if any, and further details. The incentive is not within Nissan’s control and is subject to change without notice. Interested parties should confirm the accuracy of the information before relying on it to make a purchase.