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Small Business Ideas Forum

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Old 26th June 2007, 10:41 PM   #1

Join Date: Jun 2007
Posts: 2
Default Car Insurance Deductability

Hi, if I have a S Corp and an automobile that I use 85% of the time for business then what if any of the car insurance can I deduct? (I know that I can take 85% of the mileage and I have kept good logs but I was not sure about expenses like car insurance).

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Old 27th June 2007, 10:13 AM   #2

Join Date: Jun 2004
Location: Colorado
Posts: 8,046

You should check with an account who can advise you, but my understanding is any car expenses - including insurance and maintenance.

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Old 21st June 2012, 12:34 PM   #3

Join Date: Apr 2012
Posts: 43

Here are some tips on how to get cheaper car insurance: Get Theft Devices, Ask for a Multiple Car Discount, Stick With Yearly Policies, Look Into Comprehensive Storage Coverage, Re-Check Your Mileage, Look for a Group Discount, Lower Liability, Comprehensive, Collision, or Medical Payments Coverages, and Make EFT Payments.

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