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Tax write offs in lieu of gas and maintenance costs

Discussion in 'Model S' started by Jgdixon, Dec 11, 2012.

  1. Jgdixon

    Jgdixon Member

    Joined:
    Jul 21, 2012
    Messages:
    981
    Location:
    Burlington, Ontario, Canada
    My car is used a lot for business. Of course I can then write off a portion of the fuel and maintenance on my ICE vehicle. Anyone talk to an accountant about claiming the cost of the power to charge our cars?
    in addition what about the maintenance plan? Seems to me we could claim a portion of that as well.
    Thoughts?
     
  2. fengshui

    fengshui Member

    Joined:
    Nov 9, 2012
    Messages:
    427
    Location:
    Santa Barbara, CA
    Not necessarily. If you use a car exclusively for business, you can deduct actual cost, including depreciation, repairs, fuel, etc. The 55.5 cents/mile rate is if you use a personal car for business purposes.
     

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