Can You Claim Your Car Insurance Deductible on Your Taxes?

car insurance tax return

Filing taxes can be complicated as you try to receive the best possible refund. As you and your tax accountant look over your forms, you can ask questions about different variables. One of the more common variables is car insurance premiums. Perhaps you are curious regarding whether your premium is tax-deductible. Depending on your car's usage, you may be able to deduct some expenses related to your auto insurance premiums. Here is a closer look at how you can use your car insurance to help Read More