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Is It Better To Deduct Mileage Or Gas? [Solved]
Turns out, the actual car expense method would give you a far greater deduction. If you use the standard mileage method, you could have written off $2,725. But if you deducted your actual car expenses, that number goes all the way up to $3,380. That’s an extra $655 in tax write-offs from your car.
Vehicle Expenses: Mileage vs Actual
When a vehicle is used for business purposes, the business owner has the choice of
Deducting Vehicle Expenses: The Standard Mileage Rate
The Standard
Standard Mileage Rate vs Actual Expenses (Section 179 VEHICLE TAX DEDUCTIONS)
Standard
