Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello! I am a CPA here to assist you with your tax questions. My goal is to provide you with excellent service today.
How are you today?
Personally, what I would do if this is your first year is keep track of both - the mileage and your actual expenses. You can only write off the business portion of either expense
Thanks. I understand. What is the price per mile one can write off for a car or motorcycle?
The price per mile is 56.5 cents per mile
It's the same regardless of the vehicle
Is there anything else you need assistance with today?
If not, please rate my response as "excellent" so that I may receive credit for assisting you today