ThomasM125
Expert Alumni

Deductions & credits

You multiply the business mileage claimed each year by a factor specific to each year and then add them together. Here is a table of the factors:

 

So for 2020, if your business mileage was 5,000 miles, your depreciation for that year would be $1,350 (5,000 x .27)

 

@Miss MCJ2

 

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