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New Member
posted Jun 4, 2019 7:19:29 PM

Can I change my auto deduction from depreciation to mileage?

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1 Best answer
Level 15
Jun 4, 2019 7:19:31 PM

Can I Switch Between Standard Mileage Rate and Actual Expenses?

Yes but only if you used the standard mileage rate for the first year your vehicle was in service. After that, you can calculate both methods and use whichever gives you a larger deduction. If you use the actual expense method the first year, you must use it for the life of the vehicle.

1 Replies
Level 15
Jun 4, 2019 7:19:31 PM

Can I Switch Between Standard Mileage Rate and Actual Expenses?

Yes but only if you used the standard mileage rate for the first year your vehicle was in service. After that, you can calculate both methods and use whichever gives you a larger deduction. If you use the actual expense method the first year, you must use it for the life of the vehicle.