Auto Deductible 2017

Writing off Auto Deduction

Line Item

Mileage vs. Actual

90% Track mileage to get percentage of business vs personal use @54 cents per mile for recent tax year. 

X 7k miles on the Lexus deducted

OR go with actual
Car + Depreciation (for cars) but won’t win much so car owners usually go with mileage

SUV + actual expenses 25k 

Large Truck 》6 Foot Bed

Or leasing deductions x percentages but beware of mileage limits. 

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