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: If a car is used for both business and personal trips, you may only deduct the portion of costs attributed to business use.

: You must maintain adequate records or evidence to support your statement of expenses. : If a car is used for both

IRS covers the Business Use of a Car . It explains how individuals can deduct expenses related to operating a vehicle for business or professional purposes. 🚗 Deduction Methods It explains how individuals can deduct expenses related

: You multiply the business miles driven by a set IRS rate. This requires you to choose this method in the first year the car is available for business use. You can generally choose between two primary methods

You can generally choose between two primary methods to calculate your deductible car expenses:

: You track the actual cost of operating the car. This includes gas, oil, repairs, tires, insurance, and registration fees. 🛠️ Key Rules and Limitations