Self Employment Deductions

Mykin257 — Tue, 10 Feb 2026 10:32:30 GMT

If I use my car for my self employed job, can I put my whole monthly car insurance payment on as a deduction?

Re: Self Employment Deductions

DianeW777 — Wed, 28 Feb 2024 17:40:46 GMT

It depends. It's unusual for anyone to have a vehicle that is used 100% for business. The miles dictate how much you can deduct for expenses. The total business miles divided by the total of all miles on the vehicle will be the business use percentage used for all expenses related to the vehicle. As you might guess this can vary each year.

Also, you might choose to use the standard mileage rate for all business miles. This rate for 2023 for Self-employed and business: 65.5 cents/mile. You must elect this the first year a vehicle is placed in service for business or it cannot be used for that particular vehicle.

topic Self Employment Deductions in Get your taxes done using TurboTax

Self Employment Deductions

Re: Self Employment Deductions