Car Deduction Secret 2025 | Mileage vs. Actual Expenses — Which Saves MORE on Taxes?
Автор: katylinks
Загружено: 2025-11-06
Просмотров: 151
Описание:
Driving for your business? Don't miss out on crucial car deductions! This video breaks down the two main ways self-employed individuals and small businesses can write off vehicle expenses: the Standard Mileage Rate vs. the Actual Expense Method.
Learn which method could save you more money on your taxes (e.g., in 2024/2025):
Standard Mileage Rate: The simple, flat rate per mile (e.g., ~67 cents for 2024). Requires meticulous mileage log keeping.
Actual Expense Method: Deducting gas, repairs, insurance, loan interest, and depreciation!
We'll help you understand when to choose one over the other for maximum tax savings. Don't guess; make an informed decision!
#CarDeduction #TaxWriteOff #BusinessExpenses #SelfEmployedTaxes #MileageDeduction #ActualExpenses #TaxTips #smallbusinesstips #shorts
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