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Deductions & credits
Once you’ve used the actual expense method for a particular vehicle, you are required to continue using that method to calculate vehicle expense deductions in future tax years.
. The standard mileage rate cannot be used if you:
- Use five or more cars at the same time (as in fleet operations).
- Claim depreciation or a section 179 deduction (Publication 463, Chapter 4).
- Are a rural mail carrier who receives a qualified reimbursement (Publication 463, Chapter 4).
June 3, 2019
1:25 PM