Tesla Model S
$80,000-$95,000
Is a Model S a Tax Write-Off?
Short answer: Partly: the Model S is under 6,000 lbs GVWR, so business use is deductible but first-year depreciation is capped at roughly $20,000 under the luxury auto limits.
You can use either the standard mileage rate or actual expenses times your business-use percentage. Commuting is never deductible. Pricey passenger cars draw attention, so keep a clean log.
Records to keep: Keep a contemporaneous mileage log (date, miles, business purpose), business-use percentage, the purchase contract, and a photo of the door-jamb GVWR sticker.
Tesla Model S
Typical range: $80,000-$95,000
General Business
Partly: the Model S is under 6,000 lbs GVWR, so business use is deductible but first-year depreciation is capped at roughly $20,000 under the luxury auto limits.
Business justification
Partly: the Model S is under 6,000 lbs GVWR, so business use is deductible but first-year depreciation is capped at roughly $20,000 under the luxury auto limits. You can use either the standard mileage rate or actual expenses times your business-use percentage. Commuting is never deductible. Pricey passenger cars draw attention, so keep a clean log.
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- Vehicles by Make & Model