The good news is that it’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in select circumstances. The bad news is the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return.
For 2017, miles driven for business, moving, medical and charitable purposes were potentially deductible. For 2018 through 2025, business and moving miles are only deductible in limited circumstances. TCJA changes could also affect your tax benefit from medical and charitable miles.
Before 2018, if you were an employee, you could potentially deduct business mileage not reimbursed by your employer Read More