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How to Switch from the Mileage-Rate to the Actual-Expense Deduction Method

August 18, 2022

“How to Switch from the Mileage-Rate
to the Actual-Expense Method”

To get my complete article
with all the details…

If you’re using the IRS mileage-rate method to deduct your business vehicle usage, consider changing lanes.

You see, switching to the actual-expense method may save you a lot of money.

I wouldn’t steer you wrong, so consider this…

It’s very possible that making the switch I mentioned above may be a very smart move.

Why? Because when you choose the mileage rate, you’re electing out of the actual-expense method and also electing out of the MACRS depreciation method. (More on this in my new article.)

The good news is you’re not locked into the mile-rate method.

How to make the great escape.

The early escape method. You can make an early escape out of your choice regarding the IRS mileage rate and totally undo that original decision.

The later escape method. You can make the switch if you use another perfectly legal method. I’ll show you how to put it to use when you read my new article.

The bottom line.

If you hit the brakes and know what you’re doing, you can change lanes and come out with a lot of money.

All you have to do is…

CLICK HERE and read my complete new article titled…

“How to Switch from the Mileage-Rate
to the Actual-Expense Method”

Filed Under: Cars SUVs Pickups, Filing tips, Travel

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