SCI
Yes – you are running a business and it's important to know all your expenses to operate efficiently, as well as to take advantage of the tax deductions available for running a business. When you file taxes as a business, you can deduct most of the expenses related to your vehicle and delivery work: fuel, tolls, etc., and in most cases repair and maintenance and depreciate the cost of your vehicle (if owned) or the lease payments (if leased). You will need to keep receipts to prove these expenses in the event the IRS reviews or audits your business tax return.
