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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 track the actual cost of operating the car. This includes gas, oil, repairs, tires, insurance, and registration fees. 🛠️ Key Rules and Limitations : If a car is used for both

: You must maintain adequate records or evidence to support your statement of expenses. 🛠️ Key Rules and Limitations : You must

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 🚗 Deduction Methods For more detailed guidance, refer

For more detailed guidance, refer to IRS Publication 463 regarding travel and car expenses.

: There are specific limits on how much depreciation you can deduct each year, which vary based on the vehicle's weight and use percentage.