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: If you choose the standard mileage rate for a leased vehicle, you must use it for the entire lease period. 📈 Filing Requirements

: You must maintain adequate records or evidence to support your statement of expenses. : If you choose the standard mileage rate

For more detailed guidance, refer to IRS Publication 463 regarding travel and car expenses. : If you choose the standard mileage rate

IRS covers the Business Use of a Car . It explains how individuals can deduct expenses related to operating a vehicle for business or professional purposes. 🚗 Deduction Methods : If you choose the standard mileage rate