Best Estate Planning Attorneys in Doral, FL

A Frequently Asked Tax QuestionnCAN I TAX DEDUCT MY CAR COST AND CAR EXPENSES?nnYes! If you purchased in 2022 a car used for business, you may be able to have a number of tax business deductions, including but not limited to:na) insurance,nb) repairs and maintenance,nc) tag,nd) gasoline,ne) tires,nf) tollsng) and other expenses related to the use of the car.nnThe business deduction will be in proportion to your use of the car for business, based on miles. Example: if your total car miles for 2022 were 10,000 of which 7,000 were for business and 3,000 for personal use then you may be able to deduct 70% of your car related expenses.nIn addition, you may also be able to deduct part of the cost of the purchased vehicle.nnInvest in your business, tax smart!