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Should I break out vehicle expenses, or just use the standard mileage deduction on my schedule C?
Since you do not specify the number of cars in question, I should point out that the standard mileage rate cannot be used if you have 5 or more vehicles being used for your business at the same time. The standard mileage rate for business is $.565/mile for 2013 and is based on an annual study of the fixed and variable costs of operating an automobile.. For most people, using the standard rate works out to be more advantageous than trying to calculate all the actual auto expenses, including: gas, oil, tires,lubrication, r...
If you use your car in your job or business and you use it only for that purpose, you may deduct its entire cost of operation. However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use. You cannot deduct miles for commuting to work unless you are transporting items for your livelihood such as tools, paint, music equipment, etc.
You can generally figure the amount of your deductible car expense using one of two methods: the standard mileage rate method or the actual expen...
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