IRS Car Deductions 2025: Mileage vs Actual Expenses (Full Guide)

IRS Car Deductions 2025: Mileage vs Actual Expenses (Full Guide) Most business owners are missing out on thousands of dollars in auto deductions because they don’t fully understand the IRS rules. In 2025, the IRS raised the standard mileage rate to 70¢ per mile, but is mileage really better than actual expenses? Or are you leaving money on the table? In this video, I break down: ✅ The new 2025 IRS mileage rate and what it means for your business. ✅ Mileage vs. Actual Expenses, which method saves you more. ✅ How bonus depreciation & Section 179 can maximize your write-offs. ✅ The biggest mistakes business owners make with auto deductions. ✅ Real examples comparing mileage vs actual costs so you can see the difference. ✅ Recordkeeping tips so you stay compliant and stress-free during an IRS audit. Whether you’re a small business owner, freelancer, or self-employed professional, this guide will help you understand exactly how to deduct your vehicle in 2025 without overpaying the IRS. 🔗 Free Resource for Business Owners Download the FREE Tax Savings Starter Kit here: TaxSavingsPodcast.com/StarterKit Inside you’ll get: A list of the most overlooked business deductions Case studies showing how others saved $5K–$25K Access to a bonus Discovery Call with our team 👉 If this video helped, please like, subscribe, and share it with another business owner who wants to save money on taxes. 📌 For personalized tax planning, visit: https://taxelm.com/