seep: he/she/it: seeps: present participle: seeping: past tense: seeped: past participle: seeped
If you lease a new car for use in your business, you will probably be able to deduct the lease payments from your taxes as a business deduction. However, you need to be careful and keep track of all the miles you spend in the car and whether the miles traveled are for business or personal reasons.
The deduction is allowed even if you do not itemize deductions. If you drive your own car, you can deduct 16.5cents a mile for 2010 moves. (For 2011, the standard mileage rate for moving is 19 cents a mile.). Personal property tax. You can deduct state and local taxes that are based on the value of personal property you own, such as an annual county tax on the value of your car. Sometimes this fee is included in what you pay to renew your license plate. Safety deposit box fees.