tax-deductible auto expenses

Are you aware that you can write-off some of your auto expenses that you incur throughout the year? If you are an Uber driver, delivery driver or use your car for business purposes, pay close attention to the expenses that you are able to write off!

Actual vehicle expenses, you can include:

Depreciation

Licenses

Gas and oil

Tolls

Lease payments

Insurance

Garage rent

Parking fees

Registration fees

Repairs

Tires

As with the standard mileage rate, you must divide your expenses between business and personal use. If you are tracking mileage, make sure you take note of your starting and ending mileage for every business commute or trip.

Make sure that you retain and keep ALL receipts for documentation and proof — you will want these deductions!