ActualExpense.com

 
     

car driver guy - www.ActualExpense.com

There are two methods

Of getting a deduction or allowance for your vehicle for business, moving, medical and charity use.

  1. The Actual Expense method

    As explained best on the website www.Actual-Expense.com

    This is how you can add the actual cost to drive for the percentage of miles used for the deductible purpose.

  2. The Mileage Method

    Getting money for miles driven on your car when it is used for business, medical, moving or charity is the method as it is explained on www.mileage-allowance-tax-deduction.com.

This method applies to the miles driven at a flat rate for each of business, medical, moving and charity miles.

You should look at the financial outcome of each method, to determine which method will pay off better for you.

Once you are involved in keeping the records it isn't difficult to manage the system either way.

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