🩺 Can I write off my car? Ask the Tax Doctor | Dr. Geno
📘 Short Answer: Yes — but you need a plan.
There are several IRS-approved methods to deduct vehicle expenses, and once you choose a method, there are rules you must follow going forward.
📘 The Main Methods Explained
🚗 Mileage Method
✔️ Easy and quick
✔️ No commitment to one specific vehicle
✔️ No depreciation recapture issues later
✔️ Clean when you sell or trade the vehicle
❗ Requires good mileage logs
🧾 Actual Expenses / Depreciation
Deduction is spread over multiple years
Includes gas, insurance, repairs, depreciation
Requires strong documentation
Business-use percentage matters every year
💥 Section 179 + Bonus Depreciation
Can create huge write-offs upfront
Great for high-profit years
⚠️ Leaves minimal deductions in future years
⚠️ Can trigger recapture if business use drops or the vehicle is sold
Best used strategically, not emotionally
🩺 Dr. Geno’s Take:
The question isn’t “Can I write it off?” The real question is which method fits your income, profits, and long-term plan.
What helps one year can hurt the next if it’s not planned correctly.
This is tax strategy, not just tax prep.
📞 Call or Text: (813) 462-2758 📅 Schedule a FREE video consultation: 👉 www.GenoBradley.com
Ask the Tax Doctor. Go with a Pro. GBC Tax Pros.
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🩺 Can I write off my car? Ask the Tax Doctor | Dr. Geno
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