You can generally choose between two primary methods to calculate your deductible car expenses:

: If you choose the standard mileage rate for a leased vehicle, you must use it for the entire lease period. 📈 Filing Requirements

: You must maintain adequate records or evidence to support your statement of expenses.

Topic no. 510, Business use of car | Internal Revenue Service

For more detailed guidance, refer to IRS Publication 463 regarding travel and car expenses.

: There are specific limits on how much depreciation you can deduct each year, which vary based on the vehicle's weight and use percentage.

: If a car is used for both business and personal trips, you may only deduct the portion of costs attributed to business use.