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AustinGlfr
New Member

I have a company car but paid extra to upgrade the type of vehicle. Can I deduct the extra payment from my taxes?

 
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JohnW15
Intuit Alumni

I have a company car but paid extra to upgrade the type of vehicle. Can I deduct the extra payment from my taxes?

Unfortunately, you can't deduct this additional expense.  Expense for an upgrade to the basic auto you're provided by your company wouldn't be considered and "ordinary and necessary" expense that the IRS requires for an employee business expense to be deducted.

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JohnW15
Intuit Alumni

I have a company car but paid extra to upgrade the type of vehicle. Can I deduct the extra payment from my taxes?

Unfortunately, you can't deduct this additional expense.  Expense for an upgrade to the basic auto you're provided by your company wouldn't be considered and "ordinary and necessary" expense that the IRS requires for an employee business expense to be deducted.

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