Deducting a business vehicle in an S corp
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Can You Write Off Deducting a Business Vehicle in an S Corp?
Short answer: The S corp can own the vehicle and deduct it, with personal use added to your W-2, or reimburse your mileage on a personal car.
Don't take mileage on a company-owned car.
Records to keep: Keep receipts or invoices, proof of payment, and a note of the business purpose for each expense.
BW-B23-00692
medium risk
Deducting a business vehicle in an S corp
Varies
General Business
Vehicles & Fleet
Tax Write-Off Rules
The S corp can own the vehicle and deduct it, with personal use added to your W-2, or reimburse your mileage on a personal car.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
The S corp can own the vehicle and deduct it, with personal use added to your W-2, or reimburse your mileage on a personal car. Don't take mileage on a company-owned car.
Category
- Tax Write-Off Rules
tax rule
search demand 2026 b23
owners entities
entity rules