video1.0<iframe src="https://www.loom.com/embed/78d980cf6dbf471b86f67f08b717542f" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/78d980cf6dbf471b86f67f08b717542f-582d022dbc57e183.gif523.277In this video, I break down the complexities of vehicle expenses and how to maximize your tax deductions. I explain the difference between actual expenses and standard mileage, emphasizing that you can only choose one method. I also discuss the importance of business use percentage for deductions like the 179 expense and bonus depreciation. Please take a moment to review the information and consider how it applies to your situation.