@markjkohler: Be careful when choosing between the mileage and the actual method when you're writing off your car. Once you choose one, you're STUCK with it... Still not sure which plan is best for you? Check out the latest episode of the Main Street Business Podcast where we discuss exactly that - Link in bio! #auto #writeoff #deduction #taxes #mileage #actual #cpa #fyp

Mark J. Kohler
Mark J. Kohler
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Region: US
Wednesday 20 December 2023 19:00:16 GMT
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taxsavvyjessica
A Bland Accountant :
I agree with this and prepare a 3-5 year projection for the best result.
2023-12-20 19:08:49
3
prairiedust_
prairiedust - vintage reseller :
I wish I only drove 15,000 miles in a year 😅
2023-12-20 22:06:54
3
mrschwab
MrSchwab :
Lease cost method is what I do
2023-12-22 08:32:46
1
jvcustomrods
JV :
does this math work on a $150k truck that runs 110k miles a year? I've only ever used the 5 year depreciation.
2023-12-22 08:01:25
1
allanon71
BDubs :
I’m real close on the cybertruck list. Drive 35k a year. Can I deduct mileage and 60% of cost of truck?
2024-01-03 04:28:36
1
mickeyhatcher
mickeyhatcher :
I am running food truck trailer and we average 6,000 a year would it be better for me to lease or buy new. need a Ram Pro Master 2500.
2023-12-21 01:56:21
1
stevenkoskolos
Steven Koskolos :
What if you buy a new car every year or two?
2023-12-20 19:18:12
1
salvadorgamboa18
salvadorgamboa18 :
how about a delivery driver ?
2023-12-23 01:57:23
1
ericburgmaier
eric burgmaier :
Brilliant!!!
2024-01-01 16:09:51
1
massappeal16
Jake Page :
I’m looking to lease a new car every 2 years. Drive about 12k per year. Which way is best for that?
2023-12-21 03:30:00
1
garysi0
Gary MC :
😳😳😳
2024-01-01 20:41:14
1
heathstock
Heath's tok :
i avg 800 mi per week52x800 is 80k * .56 is over 44k truck was worth 40k i could get a 2-3 yr old truck every year...
2023-12-20 23:04:43
2
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