Articles related to car and truck expenses
How to Deduct Car and Truck Expenses for Taxes - Tax Planning
Learn what car-related expenses are tax-deductible, what records to keep, and how to report this on your tax return. Includes standard mileage rates.
Unreimbursed Employee Business Expenses
Both methods rely on a measurement of how many business-related miles you drove in your car or truck. Vehicle expenses are calculated on page 2 of Form ...
Vehicle Sales Tax Deduction - How to Qualify
Deducting sales tax paid on the purchase of a new car, truck, or other vehicle ... Smiling man driving car - Thomas Barwick/ Taxi/ Getty Images. Thomas Barwick/ ...
How to Calculate Mileage Expenses for Business
You may deduct expenses related to your use of a car or truck for business purposes, using one of two methods to calculate mileage and other expenses.
Standard Mileage Rate vs. Actual Expenses
When deducting business travel expenses on your taxes you can use the standard ... Mileage Rate to Calculate Business Use of Car · Car and Truck Expenses ...
Auto Expense - Deducting Use of Car for Business Purposes
... know how to keep records so your deductions have a better chance of being approved by the IRS, and how car/truck expenses work in a home based business.
Keeping "Audit-proof" Car/Truck Expense Records
Jun 17, 2009 ... Can you take a tax deduction for the trip expenses? ... accept your business records, including deductions for car/truck expenses, they must be.
What Car Expenses Can I Deduct for Business Driving?
Business owners and employees can deduct expenses for use of a car for ... How to Deduct Car and Truck Expenses on Your Taxes · Who Should Own a ...
Standard Mileage Deduction - Business Mileage Deduction
Discusses benefits of actual expenses vs. standard mileage deduction. ... Car/ truck expenses for business travel may be deducted using either the IRS standard ...
Business Vehicle Expenses Using the Actual Cost Method and ...
If you drive your car in the normal course of running your arts / crafts ... used for hire like taxicabs nor can it be considered a piece of equipment like a dump truck.