Auto & Truck Expenses

The first year limit for cars placed in business service in the current year is $11,160, if you elect the special depreciation allowance for qualified passenger auto's.

Yes. Whether you choose the actual auto expenses, including depreciation or lease payments, or use the mileage allowance method, you can still deduct the actual business tolls and parking expense costs. You should maintain a record of the expenses and keep your receipts to verify the deduction.

Parking or speeding tickets are not deductible.