New BBB Course!
Stay ahead of the curve—enroll now to master the One Big Beautiful Bill Act and confidently guide your clients through its sweeping tax changes.
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Are you a California CNA?
Operating costs for vehicles used in the course of a taxpayer’s business are deductible. Thus, when taxpayers use their vehicles in their businesses or employment, they can deduct that portion of the cost of operating their vehicle. Such costs that can be deducted are property taxes that are paid on their vehicle if deductions are itemized on Schedule A. This course reviews the apportionment of personal and business use, the actual cost method, the standard mileage method, and expensing. Moreover, this presentation informs practitioners about topics such as the benefits and costs of leasing versus owning, and working condition fringe benefits.
Course Publication Date: May 27, 2026
This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership!
| Author: | Danny Santucci |
| Course No: | TAX-AUTOS-50326-M |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | General understanding of federal income taxation. |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
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Learning Objectives
Recognize tax vehicle depreciation (§168) and expensing (§179) methods and their limitations under MACRS, recognizing basis, business use, and deduction computations. Specify the predominate business use rule, recognizing the result of less than 50% qualified business use, cite the pros and cons of auto leasing, and determine how to estimate monthly lease payments, indicating what factors affect payments. Identify items included under the standard mileage method, listing items that may be separately deducted, determine the taxable fringe benefit value of an employer-provided automobile using the general and special valuation methods and specify several qualified nonpersonal use vehicles, stating what reporting standards apply.
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