Can Auto Insurance Be A Tax Deduction?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Insurance for a car that is driven for personal reasons cannot be deducted.  If the car is used for business purposes a portion of the premium can be deducted.  It is possible that other situations exist such as a car used for charitable purposes but in general, the premium is not deductible.
    Answered on March 24, 2014
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