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For more detailed guidance, refer to IRS Publication 463 regarding travel and car expenses.

: There are specific limits on how much depreciation you can deduct each year, which vary based on the vehicle's weight and use percentage. For more detailed guidance, refer to IRS Publication

: You track the actual cost of operating the car. This includes gas, oil, repairs, tires, insurance, and registration fees. 🛠️ Key Rules and Limitations For more detailed guidance

: You must maintain adequate records or evidence to support your statement of expenses. For more detailed guidance, refer to IRS Publication

Topic no. 510, Business use of car | Internal Revenue Service

: Use Form 2106 (or 2106-EZ) and itemize on Schedule A. Self-Employed : Deduct expenses on Schedule C (Form 1040). Farmers : Use Schedule F (Form 1040).