@1cent wrote:
The tax savings can seem like a benefit, but you are actually paying the cost with wear and tear on your vehicle. I think of the extra use as a "loan" that will have to be paid back with added maintenance and eventually purchasing another vehicle.
@JustForFun wrote:
@1cent wrote:
The tax savings can seem like a benefit, but you are actually paying the cost with wear and tear on your vehicle. I think of the extra use as a "loan" that will have to be paid back with added maintenance and eventually purchasing another vehicle.
Absolutely. And that bill comes due unexpectedly sometimes. Miles aren't free even if you own the car. Your costs are more than just gas.
@Tarantado wrote:
@SoCalMama wrote:
I checked today. Right now, it's about $10 cheaper than Costco, but I won't get airline miles. Still, I'll keep checking for a bigger discount. Oh, it's cheaper for an off-brand, not a major brand. Alamo is cheaper through Costco right now.
Hahaha you definitely seem like a customer that doesn’t have patience using off-site rental companies!
So from my Oahu trip a couple weeks ago now, I decided to save $30 to grit my teeth and work with one of those smaller companies. Customer service and wait was absolutely terrible, but they upgraded me to a longer sedan and I ended using that $30 I saved choosing them on some rounds of Taro cocktails! Taro drink, coconut liqueur and rum!
@1cent wrote:
The tax savings can seem like a benefit, but you are actually paying the cost with wear and tear on your vehicle.
@SoCalMama wrote:
I need to save more than $10 to skip out on my airline miles. I will keep checking. I'd actually like to rent the BMW 3 series. It's cute and fast. The model that I own in $80 a day. LOL. I'm not paying that much to rent the car I actually drive. What fun is that?
@Shop-et-al wrote:
Hubby's 24/7/365 job involves approximately 20,000 deductible miles per year. We now have a vehicle that gets great gas mileage. This is the perfect combination. I am still figuring out whether I could use repairs and other deductions and file separately (and get the best tax outcome for my work). Heigh ho, heigh ho, it's back to the calculator I go...
@myst4au wrote:
I think that you are saying that you both use a single car and that you want to use actual expenses for your shops while your husband uses the standard mileage rate for his work-related miles. That will not get past the IRS. If you have 2 vehicles, you can use a different method for each vehicle.@Shop-et-al wrote:
Hubby's 24/7/365 job involves approximately 20,000 deductible miles per year. We now have a vehicle that gets great gas mileage. This is the perfect combination. I am still figuring out whether I could use repairs and other deductions and file separately (and get the best tax outcome for my work). Heigh ho, heigh ho, it's back to the calculator I go...