JandKit
Employee Tax Expert

Self employed

Hi Grant W,

First, the IRS will let you claim credit for your time but not for YOUR work as described in your question. If, in the first year that your truck was placed in service you used the standard mileage deduction, you can used the actual expense in any following year if that deduction is better for you. If, on the other hand, you decided to use the Actual expense in the first year of use, such as oil changes and vehicle maintenance cost, you must continue using the actual expense for the remainder of the vehicle's life.

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