This article is about a tax deduction that’s often overlooked. It involves the business use of your vehicle.

Say you use your vehicle for both business and personal purposes.

If you operate your business as a sole proprietor or a single-member LLC, you might use IRS standard mileage rates to deduct the business portion.

If you operate your business as a C corporation or an S corporation, the corporation might reimburse the business use of your personal vehicle using the IRS standard mileage rates.

The point of this article is the combined business and personal use of a vehicle where the IRS ... Log in to view full article.