1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    This is a question best asked of your Tax Accountant or adviser. However, if your car is registered to your business or is used for business purposes, like other business related expenses, at least a portion of your car insurance premium may be able to be claimed as a business expense. Again, you need to ask this question to your tax adviser to be sure of your particular situation.
    Answered on September 29, 2014
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    If you look at schedule C of Internal Revenue Code form 1040 you will see a place to enter insurance. An accountant would be the best person to ask about this, but most insurance agents deduct their own auto insurance every year unless they use mileage calculations to deduct auto expenses. Anything that is a cost of doing business is deductible.
    Answered on September 29, 2014
  3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>