How To WRITE OFF Your CAR In 2025! (STEP-BY-STEP GUIDE)

Summary

This is a clear, step-by-step guide for business owners, including STR hosts, on how to legally write off vehicle expenses for tax year 2025. The video explains the two primary methods—Standard Mileage and Actual Expenses—and details what qualifies as business use. Key takeaways include the 2025 standard mileage rate ($0.70/mile), the components of the actual expense method (including depreciation), and the significant, but phasing-out, benefits of Bonus Depreciation, especially for vehicles over 6,000 lbs. The main action for hosts is to meticulously track all business-related driving.