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.
You can deduct the sales tax you pay on a new vehicle, if you buy it between February 17 and December 31, 2009. And you get this tax break even if you claim the standard deductionâas most taxpayers doârather than itemizing deductions on your tax return.eduction has limits on vehicle weight and taxpayer income. This deduction only applies to sales taxes paid on new cars and trucksânot used onesâthat weigh less than 8,500 pounds, plus motorcycles and motor homes. If you buy a vehicle for more than $49,500, you can only deduct the sales tax on that amount.