Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
October 2012

Word Count:



You Can Switch from the IRS Mileage Rate to the Actual-Expense Method

Is the mileage rate sticking it to you?


Could you increase your tax deductions by switching from the IRS mileage rate to the actual-expense method? If so, you will be happy to learn that you can make that switch.


This article explains when and how.


The Mileage Rate


When you choose the mileage rate, you elect out of the actual expense method and also elect out of MACRS depreciation.1


This does not mean that you are locked out forever. The IRS grants you two ways to escape from your original mileage-rate decision and switch to the actual-expense method.


Escape 1: the Early Escape


You can take an early escape ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development