Article Date:
February 2017

Word Count:



Q&A: Switch from Mileage Rate to Actual Expense Method



I am considering changing from the IRS mileage rate to the actual-expense deduction method on my vehicle.


My wife and I are both small-business owners. I’m a realtor, and my wife is a photographer.


Each of us has our own vehicle—dedicated to each of us. I don’t drive hers, and she doesn’t drive mine.


Currently, we both use the mileage method, and we file our tax return jointly. I want to switch to the actual-expense method. Can I switch, or do I have to use the same method as my wife because we file jointly? ... Log in to view full article.

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