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Personal Finance (Not Investing) • Business vehicle tax deduction

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Which is typically better from the standpoint of tax savings, the standard mileage rate or actual expense method. Our accountant thinks we hold onto vehicles so long (until they die) that the standard mileage rate makes the most sense. But for an $85,000 SUV that is used solely for work it seems like the actual expense method might be best. Any thoughts?

Statistics: Posted by Rickito — Sun Sep 01, 2024 9:27 am — Replies 0 — Views 75



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