If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

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If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

That is correct.

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If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

Thank you!

If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

The standard mileage rate includes allowances for gas, repairs and maintenance, insurance, and depreciation. The only thing you can add is parking fees and tolls.

You can include insurance if you use the actual expense method, but it is more complicated and the mileage rate method is usually more lucrative for more people.

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If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

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If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

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If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

If I account for the mileage on my vehicle for my business, I cannot then claim my vehicle insurance as a separate deduction? Is that correct?

Unlock tailored help options in your account.

Get more help

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