New Rules Allow Business Deduction at Standard Mileage Rate for Multiple Vehicles

This page last updated on
August 8,, 2004

New Rules for Claiming the Standard Business Mileage Rate
More Small Business Taxpayers Using Multiple Vehicles are Now Eligible

If you use no more than four vehicles at the same time for business purposes, you may use the standard mileage rate of 37.5¢, starting in 2004.

In prior years, if you used more than one vehicle at a time, you could not use the standard rate at all, leaving you to track the actual expenses for each vehicle.

You may not use the standard mileage rate for any vehicle if any of the following apply:

You previously used any depreciation method under the Modified Accelerated Cost Recovery System (MACRS)

You claimed a section 179 deduction for that vehicle, or

You used the vehicle for hire.

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New Rules for Claiming the Standard Business Mileage Rate More Small Business Taxpayers Using Multiple Vehicles are Now Eligible

New Rules for Claiming the Standard Business Mileage Rate
More Small Business Taxpayers Using Multiple Vehicles are Now Eligible