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There are two ways you can calculate the deduction for using your car for business. You can (1) keep track of each work-related mile you drive and multiply the total by the IRS standard mileage rate, OR (2) you can save the receipts for the actual cost of gasoline and oil.
There are two ways you can calculate the deduction for using your car for business. You can (1) keep track of each work-related mile you drive and multiply the total by the IRS standard mileage rate, OR (2) you can save the receipts for the actual cost of gasoline and oil.
I just started delivery driving last year. I also ended up getting quickbooks. You can log all your mileage with quickbooks, and choose which is personal and which is for business. Super easy. No need to keep a big book either. You can also attach your receipts to your bank transactions, this will log gas.
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