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Deductions & credits
Follow the below instructions to enter your vehicle mileage:
- Type Schedule C in the Search box.
- Select the Jump to link.
- Answer Yes to Did you have any self-employment income or expenses? and answer the questions until you get the Select any expense categories you have screen.
- Select Vehicle, then Continue.
- If you've already worked in this section, select Edit or Review next to your business.
Mileage is an allowable deduction if you’re self-employed or own your own business. You can choose between the standard mileage rate or the actual cost method where you keep track of what you paid for gas and maintenance.
For more information, check: Can I deduct mileage?
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February 19, 2024
11:21 AM