Auto expenses
Answer:
The actual expense method allows a individual to deduct all out of pocket costs for operating the auto plus depreciation if you own the auto.
Some of those costs are Gas, insurance, repairs & maintenance garage rent, lease fees, licenses, loan interest, oil changes, parking fees, tires, tolls, towing and registration fees.
Some of those costs are Gas, insurance, repairs & maintenance garage rent, lease fees, licenses, loan interest, oil changes, parking fees, tires, tolls, towing and registration fees.
