… ways that you can figure your deductible expenses: standard mileage rate and actual cost method. If you choose to use the actual cost method, you will need to keep track of your receipts and costs of operating your vehicle. These expenses may include: cleaning, depreciation, gas, oil, insurance, loan interest, license fees, parking fees, repairs, maintenance and tolls. For most people, using the standard mileage rate is much easier. All you need to keep track of is your odometer readings and, at …

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