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Deductions & credits
In your TurboTax workpapers from last year, look for the Car and Truck Expenses worksheet. Part IV of that worksheet will have one box checked: Line 15 is for Standard Mileage; Line 26 is Actual Expenses.
Your other option is to recalculate the mileage deduction and compare that to the Car Expenses shown on Schedule C Line 9. The 2022 mileage deduction was 58.5 cents/mile for January through June and 62.5 cents/mile for July through December.
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March 26, 2024
10:17 AM