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If i purchase a new or used car can i claim it or a portion of it on my taxes if i use it to drive for busines


If i purchase a new or used car can i claim it or a portion of it on my taxes if i use it to drive for busines

yesYou have two options. You can claim a standard mileage rate for business miles, or you can claim actual expenses plus depreciation. For the second option, you must record all expenses related to the car and the percentage of business use. Gas, maintenance, etc. is deductible to the percentage of business use. Business related parking is deductible in full. Costs related to commuting to and from work are usually not considered business related.
http://www.irs.gov/taxtopics/tc510.html...
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