Vehicle-expense deduction ins and outs for individual taxpayers

2018 Mileage Deduction, 2019 Mileage Deduction, Business Mileage, Charitable Mileage Deduction, Income Tax, Individual Income Tax, Itemized Deduction, Medical Deductions, Moving Expenses, Tax Cuts and Job Acts (TCJA), Tax Deduction /

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return. For 2017, miles driven for business, moving, medical and charitable purposes were potentially deductible. For 2018 through […]

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