DawnC
Employee Tax Expert

Deductions & credits

You can't take depreciation and deduct the standard mileage rate too.    You can take actual expenses and depreciation OR you can take the standard mileage rate which includes a depreciation component.   

 

You can deduct the interest portion of your car payment - whether you use the actual or standard mileage deduction.  

 

Business Vehicle Deductions 

 

Can I Deduct Mileage?

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