What are the tax implications for a business in 2015 when it comes to vehicle write-offs?

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1251077

2026-03-06 05:35

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In 2015, businesses could deduct vehicle expenses using either the standard mileage rate or actual expenses method. The standard mileage rate was 57.5 cents per mile for business use. Actual expenses included gas, maintenance, insurance, and depreciation. The business had to keep detailed records to support the deduction.

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