The IRS only allows you to use one method: the standard mileage rate or actual automotive expenses like repairs, gas, and maintenance. However most users enter both their vehicle expenses and mileage in Hurdlr, because Hurdlr is smart enough to not deduct both when calculating your tax estimates. This way, you can choose the method that is most advantageous for you.
You can switch between using and not using the standard mileage deduction by following the steps below to see whether you’re better off using the mileage deduction versus using vehicle expenses:
On the mobile app, tap the gear icon on the Taxes tab and for the setting "Use Mileage Deduction", you can change it to yes/no.
2. On the web app, click the gear icon in the top right corner, select Tax Profile, and for the setting "Use Mileage Deduction", you can change it to yes/no.
To learn more about using the standard mileage rate vs. actual vehicle expenses, check out our educational platform: 99Deductions
Disclaimer: The information contained here is provided for informational purposes only and should not be construed as financial or tax advice. It is not intended to be a substitute for obtaining accounting or other financial advice from an appropriate financial adviser or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.