Box , Surprise, AZ File Online Question? TurboTax Self-Employed. Every deduction found. Every dollar you deserve. Revenue Procedure contains additional details regarding the standard mileage rates. Sign up for PrimePay blog updates! About PrimePay Experts. Beginning on Jan. A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System MACRS or after claiming a Section deduction for that vehicle.
In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously. The IRS is requesting public comments on whether taxpayers should be allowed to use the business standard mileage rate in this circumstance. Beginning in , a taxpayer may use the business standard mileage rate for vehicles used for hire, such as taxicabs.
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