A deduction for parking and other traffic violations incurred during business use of an automobile is allowed under the actual cost method but not the automatic mileage method.

Question

Quizplus · Accepted Answer

Neither the actual cost method nor the automatic mileage method allows deductions for parking and other traffic violations. These costs are considered personal expenses and are not deductible for tax purposes.

A Deduction for Parking and Other Traffic Violations Incurred During