It’s been an especially difficult year for victims of natural disasters, including those affected by Hurricane Milton and Hurricane Helene. Taking advantage of the casualty loss deduction can help ease the financial pain.

For business owners, the use of vehicles is a critical component of the operations of a business. Whether it’s driving to a client’s office or an off-site project location or delivering products to customers, vehicles play a major role in the success of a business. That’s why it is essential for business owners to be aware of the tax rules and guidelines when deducting ordinary and necessary expenses related to operating vehicles for a business.