Mileage vs Actual Vehicle Expenses | Best Way to Write Off a Car

Thank u for including rental fees in the list of deductibles. Many people seem to think u have to OWN or lease the car to claim standard mileage deduction. They don't understand that financing a car, leasing a car or renting a car long term to drive for rideshare all means somebody else owns the vehicle. The driver simply gets to drive it as long as they make weekly or monthly payments. Nobody actually owns the vehicle unless it's completely paid off & you possess the pink slip. If the bank can reposses "your" car for non-payment, that means the bank or whatever institution is the OWNER. Even some Turbo Tax experts get it twisted. Leasing a condo versus renting a house is likewise the same. You're not the owner. Same thing with people paying a mortagage. The house belongs to the bank. Just to use a parallel example of ownership vs. non-ownership.

What about student loans? Can i write off the entire interest amount due on the SUM of my student loans? Or just the interest amount I paid in a given tax year? There's a big difference.

If I am remote or hybrid and my primary work location is from a qualifying home office, and I occasionally drive out to the company's corporate office - is that mileage deductible?

Thank you!!! Very good info - stayed to the end

Hey hey (:
What can I write off if I drive to work and back home?

How does this work if I'm a 1099 travel nurse from ks who travels to MO, NE, and IA for work for periods of time. How would the mileage be calculated from home wher3 my home office is?????

For Turo, a car sharing service. What miles are we claiming? Do we claim the amount of miles the renter drives our car? Do we also claim when I am delivering and picking up the car from a renter?

Hey me again lol....is there a limit on the amount of write off....example a person driving 40k mi per year would have a larger amount vs 30k

Your videos are awesome !

# hashtag university !

I am contracted as a 1099 and have an office set up in my home. I leave my home office for appointments with clients at local hospitals and then return back to my home office. I have only claimed mileage going to these appointments and never the return trip back to my home office. Is that correct or should I be claiming the return mileage as well? Thanks!

so if I may ask, if I spend 3800 on gas for business for the whole year, is that money going to be refunded to me? the whole 3800?

Hi I loved this video, I have one question. My husband uses his car to go to and from a job site. He drives to the office then drives to the site and then back to the office to clock out. Can he qualify for that mileage reimbursement?