Standard Mileage vs. Actual Expenses: What’s the Difference?
Due to the Tax Cuts and Jobs Act (TCJA) of 2017, taxpayers filing as regular W-2 employees can no longer deduct business¹ auto expenses on their tax return even if the employer does not reimburse them for the business expenses incurred. Therefore, one of the… Read More »Standard Mileage vs. Actual Expenses: What’s the Difference?