Ask an Accountant
A free tool by
Question
If expenses outweigh the mileage deductible can I use expenses even though I filed mileage last year? Or can we not switch
AI accountant’s answer:
Yes, you'll be able to switch to the actual expenses method if you own your car and you used the standard mileage rate in the first year that you used your car for business. The rules are different though if you lease your car. If you're leasing your car, you'll need to take the standard rate for the entire lease term.
No answer given yet!
Answer
Yes, you'll be able to switch to the actual expenses method if you own your car and you used the standard mileage rate in the first year that you used your car for business. The rules are different though if you lease your car. If you're leasing your car, you'll need to take the standard rate for the entire lease term.
No answer given yet!
.jpeg)
Justin W. Jones, EA, JD
No items found.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Oops! Something went wrong while submitting the form.
Track and claim every eligible deduction with Keeper
Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.
0
Keeper users have found write-offs worth
$
0
0
Keeper users have found write-offs worth
$
0