
When it comes to deducting auto expenses on your taxes, did you know what using a personal vehicle for business purposes can help you save some significant cash? On your taxes, you have two vehicle claims you can choose from. You could choose to claim the standard mileage rate or report any expenses incurred while using your vehicle for business-related activities. Standard Mileage Rates So what if you choose to claim the standard mileage rate? This option, according to the Drive Now experts for top car loans Arizona has to offer, is the simplest choice you could make. 2015’s rate of 57.5 cents/mile, but if you choose the option to claim this rate, you won’t be eligible to claim any car expenses for the year, including lease payments, fuel, insurance, or vehicle registration fees. In an average case, choosing the standard mileage rate will save more money than claiming any
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