| OCR Text |
Show Record of Car Expenses Saves in Several Ways The motorist who doesn't keep any record of his car expenses stands to lose In a variety of ways, but Bow he's out of luck anew. These gas taxes which he has been paying In many stales may be deducted from his Income. In-come. The same with state license fees. These are state taxes, and are accordingly deductable. Where the car Is used for business the cost of ordinary ordi-nary upkeep charges and fuel Is deductable, de-ductable, since It Is an expense of running run-ning the business. Where the car (a used for both business and pleasure the cost should, of course, be apportioned. But all this Is like the Greek language to the car owner who simply pays out and never keeps a record of expenses. To those who keep records In a halfhearted half-hearted way, or who think It might he-advisable he-advisable to try, this should be sufficient suffi-cient Incentive to get out the little red memo book. It isn't anything at all when you do It In Installment. |
