Can I Claim Car Insurance As A Business Expense?
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482This 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, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIf 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, 2014flag this answer
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