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Auto and Home Tax Write-Offs You Never Knew About

While most of us are aware of certain tax write-offs like charitable donations and medical expenses, car and homeowners are entitled to more deductions than they often realize. That’s why SelectQuote Auto & Home has compiled this list of commonly overlooked auto- and home-related expenditures, all of which can be deducted from your income tax bill. Just be sure to consult a financial professional or visit the official IRS website before filing. Auto  Your New Car. Yep, you read that correctly. If you’re self-employed, you may be able to write off the purchase price of a new vehicle. Got your eye on an SUV? You may be looking at an ever bigger tax benefit.  Your Commute. On a project that requires more driving time than usual? The IRS lets you write off 56.5 cents for every mile that you drive for your job – provided that you’re on a temporary assignment.…

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