Actual expenses vs mileage rate for vehicle deductions

Name: Actual expenses vs mileage rate for vehicle deductions
Duration: 66 s
Description: You can only deduct the business-use percentage of vehicle costs, whether using actual expenses or the mileage rate.

2 views·👍 0

Some commenters swear actual expenses beat the mileage rate, but they're missing a key detail. TJ explains why that 10,000 in vehicle costs doesn't mean a 10,000 deduction when you only drove 2% for business — and how misunderstanding this invites an audit.

Want TJ to look at your taxes?

Videos are the free stuff. The real savings happen one on one.

Book time with TJ →