How to Write Off Your Car for a Business

Cars are expensive to own, but if you own a business you can potentially write off your expenses. In some cases, you may even be able to write off the whole, but there are a few different stipulations. Let’s take a closer look at writing off your car for a business.

The car must be used for business purposes

A driver drops off passengers at a Broadway play.

A driver drops off passengers at a Broadway play. | Drew Angerer/Getty Images

RELATED: Do Federal EV Tax Credits Only Help the Wealthy?