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. 


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at

%d bloggers like this: