A handcart has a base frame, a handle assembly, two wheel brackets, multiple wheels and two levers. The handle assembly is retractably connected to the base frame. Each wheel bracket is pivotally attached to one side of the base frame with a pivot pin. At least one of the wheels is rotatably mounted on each wheel bracket. One end of each lever is pivotally connected to each pivot pin, and another end is operationally connected to the handle assembly. Accordingly, the wheel brackets with the wheels will be automatically retracted or expanded through transmissions of the levers when the handle assembly is moved to an expanded position or a retracted position. The size of an object with the handcart can be minimized. In addition, getting the indoors dirty is avoided.