The National Directory of Certified Public Accountants

Ask A CPA - Auto & Truck Expenses

Auto Expenses

The actual expense method allows a individual to deduct all out of pocket costs for operating the auto plus depreciation if you own the auto. Some of those costs are Gas, insurance, repairs & maintenance garage rent, lease fees, licenses, loan interest, oil changes, parking fees, tires, tolls, towing and registration fees.

If you need professional help with "Auto & Truck Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.