2 Cars for Business

Accounting

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  Mitchel Haberberger 1 year, 1 month ago

  If I have 2 cars for my business, can I take the Standard Mileage Deduction on one of them and the Actual Expenses on the other? If so, can you please provide some supporting documentation proving this? I’m having an impossible time finding anything that supports this, although I’m positive that you are able to do this.

  Thanks!

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  Crystalynn Shelton
  

  Moderator

  

  1 year, 1 month ago

  Hi Mitchel!

  I’m in agreement with you that you can definitely use the standard mileage rate or the actual expenses to deduct more than one vehicle used for business. Here is a link to a page on the IRS website that summarizes the standard mileage deduction. It also says that you can deduct maximum of 4 vehicles using the standard mileage rate: https://www.irs.gov/newsroom/2017-standard-mileage-rates-for-business-and-medical-and-moving-announced

  Be sure to check out our mileage tracker app guide to see how much easier it is to track your miles for business using an app: https://fitsmallbusiness.com/best-mileage-tracker-app/

  Thanks for reading!

  Best-
  Crystalynn Shelton

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