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Can i deduct car payment, depreciation and gas for personal income?
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June 6, 2019
4:54 AM
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Investors & landlords
Unfortunately, no. Your car payment is never deductible. However, you can deduct actual expenses (depreciation, gas, repairs, etc.) or the Standard Mileage rate for a business you own. Not for "personal" income.
June 6, 2019
4:54 AM