: You multiply the business miles driven by a set IRS rate. This requires you to choose this method in the first year the car is available for business use.
: If a car is used for both business and personal trips, you may only deduct the portion of costs attributed to business use. : You multiply the business miles driven by a set IRS rate
IRS covers the Business Use of a Car . It explains how individuals can deduct expenses related to operating a vehicle for business or professional purposes. 🚗 Deduction Methods : You multiply the business miles driven by a set IRS rate