TAX DEDUCTIONS ON AUTOMOBILES

The registration of your automobile is deductible on Schedule A if the license or tax is based on the value of your car.

Expenses incurred for the operation of your automobile can also be deducted. You can either deduct your actual yearly automobile expenses or you can use a standard mileage rate, which is 37.5 cents per mile for business and 14 cents per mile for medical travel, job-related moves, and volunteer work for charitable organizations.

Commuting expenses are only deductible if your home is your primary place of business and you qualify of the home office deduction.