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Small businesses can benefit from deducting vehicle costs on their taxes

IRS Tax Tip 2019-57, May 10, 2019
Businesses that use a car or other vehicle may be able to deduct the expense of operating that vehicle on their taxes. Businesses generally can use one of the two methods to figure their deductible vehicle expenses:
Standard mileage rate
Actual car expenses
For 2019, here are the standard mileage rates for calculating the deductible costs of operating an…

Small businesses can benefit from deducting vehicle costs on their taxes
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