Car insurance for expense?

Forum|Forum|7 years ago
June 4, 2019
1 reply
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Can I deduct car insurance if I use my car for work , I am a live in caregiver and a delivery driver on the weekends, where do I deduct this ? And how much can I deduct if I am a full time

Thanks

Best answer by KatrinaB48

Expert Reviewed

If you are self-employed then you can the business-related portion of vehicle expenses. Employees are not allowed to take a deduction under the 2018 tax law. If you claim actual expenses rather than the standard mileage, then you can claim a portion of your automobile insurance. Please view the TurboTax link below to view a full list of deductible vehicle expenses.

https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

KatrinaB48Answer

Level 15

Expert Reviewed

https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

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descott99

Level 2

I have turbo tax home and business and i do not see an area to input vehicle insurance and gas. I only see the area for mileage info and then on a second page an area for:

work related parking fees, work related local transportation, property tax portion of vehicle registration fee and total interest paid on vehicle. NOTHING FOR INSURANCE & GAS EXPENSE. PLEASE ADVISE. Thanks you.

DoninGA

Level 15

@descott99 wrote:

I have turbo tax home and business and i do not see an area to input vehicle insurance and gas. I only see the area for mileage info and then on a second page an area for:

work related parking fees, work related local transportation, property tax portion of vehicle registration fee and total interest paid on vehicle. NOTHING FOR INSURANCE & GAS EXPENSE. PLEASE ADVISE. Thanks you.

This section of the TurboTax program is not yet finalized so if you are using the Actual Expenses method for your vehicle you will need to wait until the Form 4562 is available on 01/29/2020. As stated in the program -