Employee Business Expense

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.

Note If you need professional help with "Employee Business Expense" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.