🩺 Can I write off my car? Ask the Tax Doctor | Dr. Geno
📘 Short Answer: Yes — but you need a plan. There are several IRS-approved methods to deduct vehicle expenses, and once you choose a method, there are rules you must follow going forward. 📘 The Main Methods Explained 🚗 Mileage Method ✔️ Easy and quick ✔️ No commitment to one specific vehicle ✔️ No depreciation recapture issues later ✔️ Clean when you sell or trade the vehicle ❗ Requires good mileage logs 🧾 Actual Expenses / Depreciation Deduction is spread over multiple years Includes gas, insurance, repairs, depreciation Requires strong documentation Business-use percentage matters every year 💥 Section 179 + Bonus Depreciation Can create huge write-offs upfront Great for high-profit years ⚠️ Leaves minimal deductions in future years ⚠️ Can trigger recapture if business use drops or the vehicle is sold Best used strategically, not emotionally 🩺 Dr. Geno’s Take: The question isn’t “Can I write it off?” The real question is which method fits your income, profits, and long-term plan. What helps one year can hurt the next if it’s not planned correctly. This is tax strategy, not just tax prep. 📞 Call or Text: (813) 462-2758 📅 Schedule a FREE video consultation: 👉 www.GenoBradley.com Ask the Tax Doctor. Go with a Pro. GBC Tax Pros. https://genobradley.com