Tag Archives: Deduction for Vehicle for Business Purposes

Deducting the Costs of Operating a Vehicle for Business Purposes

Even small deductions can make a difference during tax season. For example, the IRS allows taxpayers to deduct the costs of operating vehicles for business, charitable, medical, and moving purposes. The rates used to calculate these deductions change every year, so taxpayers should keep these adjustments in mind as the tax season approaches. For… Read More »