Write Off Business-Related Vehicle Expenses

Q.  I'm using my personal car in my business. How much can I deduct on my tax return for the vehicle expenses? A. There are two basic ways to write off expenses for business-related travel: The standard mileage method. This provides a basic deduction for mileage and provides built-in depreciation. For 2017, the mileage rate is 53.5 cents per business mile driven (down from 54 cents in Continue Reading