Can I deduct my vehicle as a business expense?
Short Answer: Yes. If the vehicle is used for business, but there are specific rules and documentation requirements.
You may be able to deduct business vehicle use using either the standard mileage method or actual expenses. Tracking mileage and keeping records is critical.
Common mistakes:
• Claiming 100% business use without documentation
• Not tracking mileage
• Mixing personal commuting with business travel
What we recommend: Use a mileage tracker app and keep clean records from day one.
Still have questions?
If you’re not sure what applies to your situation, we can help.