Deducting Passenger Vehicles and Mileage

you cannot take as much of that upfront and there's a lot less of depreciation so for contractors if you're looking to buy a vehicle if you're doing the mileage deduction don't worry about any of that because then doesn't really matter what vehicle you drive you get the same Eilidh rate they don't have a factor based on the year you buy a vehicle so it's another thing I look at to if you're driving and if you're gonna get a low price use vehicle why would you ever take actual expenses and depreciate tech mileage you're gonna get way more you know than if you buy a ten thousand used or something okay especially you guys that are driving a bunch of miles you know you know fifty eight cents a mile for 2018 you know it's a big amount compared to so you have to look at the whole piece of it on vehicles and an important factor is every time you place a new vehicle or asset and purpose in in a service is when you decide how much you want to take for first year depreciation and spreading out the rest and then likewise on vehicle if you depreciate you can't do mileage your next vehicle you might decide I want to do my if you can switch each vehicle you just can't switch back and forth on a particular vehicle so let's let's get a