If the vehicle is in your personal name and used partly for personal, partly for business use, there are two ways to calculate the deduction: If your car or truck is in your business name and used 100% for business use, then it’s fully deductible. When the time comes to claim them, the tax form to claim self-employed expenses is Form 1040, Schedule C.įor some 1099 contractors, vehicle expenses can be a valuable source of deductions. They’ll be able to catch any missing ones, and tell you which ones don’t apply to you. It’s a good idea to talk to your accountant before you claim these tax deductions. ![]()
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