Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
kp12701
New Member

Can i deduct car insurance premiums? Or is that part of the standard car expense deduction?

 
1 Best answer

Accepted Solutions
KarenL2
Level 5

Can i deduct car insurance premiums? Or is that part of the standard car expense deduction?

You can include it only if you use the Actual Expense method for your business vehicle, not the Standard Mileage rate. 

View solution in original post

1 Reply
KarenL2
Level 5

Can i deduct car insurance premiums? Or is that part of the standard car expense deduction?

You can include it only if you use the Actual Expense method for your business vehicle, not the Standard Mileage rate. 

Dynamic AdsDynamic Ads
Privacy Settings
v