Standard Mileage vs Actual Expenses - which is better?

In this video, we break down everything you need to know about claiming mileage tax deductions for your business vehicle. We’ll cover:

🚗 Who can claim the mileage deduction 📉 Standard Mileage Rate vs. Actual Expenses Method ✅ Pros and Cons of each method 🔍 IRS limitations and rules

Whether you're self-employed, an independent contractor, or a business owner, understanding these methods can help you optimize your tax deductions.

For more detailed training, check out our full bootcamp: Enroll Here

🔗Useful Links:

🌐 Website: https://www.remotecpainla.com

📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : https://www.remotecpainla.com


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✅Email for any questions: [email protected]
✅Schedule strategy call : https://www.remotecpainla.com
✅LinkedIn:   / kateryna--khalandach-cpa  

Thank you
Kat

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Chapters: 00:01:24 - Who Can Claim Auto Expenses
00:03:04 - Standard Mileage Rate vs Actual Expenses
00:04:49 - Details on Standard Mileage Rate
00:06:41 - Details on Actual Expenses Method
00:08:00 - Pros and Cons of Standard Mileage Rate
00:09:47 - Pros and Cons of Actual Expenses Method
00:11:19 - IRS Limitations for Standard Mileage vs Actual Method
00:12:30 - Conclusion

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