Automobile Business Expense As Tax Deduction

Added July 1, 2004 by Ilyce R. Glink

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Summary: When you use your car for work you may be able to deduct your automobile expenses on your taxes. Eligible automobile expenses for a tax deduction include mileage and depreciation. But if you don't itemize your deductions on your taxes you cannot claim your automobile expenses as one of these deductions. Contact a tax preparer for more information.

Q: My wife uses our car for work. A tax preparer said that we can't use this deduction because we don't own a house. Is this correct?

A: The tax preparer probably feels that you won't have enough deductions to itemize and that you're better off taking the standard deduction. If you owned a home, you'd be able to write off the interest you pay on your mortgage, plus your property taxes on your federal income tax form.

Once you're doing that, the extra deductions for contributions to charities, and driving your own car for work come into play and can help to lower the tax you'll pay.

Posted July 1, 2004.

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