Hello @Catherine70, and thank you for the question. Whether you take actual expenses, which include depreciation, gas, repairs, etc., or the IRS Standard Mileage Rate for 2023 of 65.5 cents per mile, you want to track all your miles.
Do take any vehicle deduction, the IRS requires adequate records to support this deduction, or for that matter any tax deduction. My best practice is to advise customers to track all mileage. Although the IRS doesn't require personal trips in your mileage log, I strongly recommended that you include them because it will provide clarity for both you and the IRS, since you need to separate your total business mileage, total personal mileage, and total commuting mileage for the year.
**Say "Thanks" by clicking the thumbs up icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
