Under IRS rules, you can only deduct a portion of your driving expenses for business and work travel. And there are two ways to do this: the standard mileage method and the actual expense method. However, it isn't as easy as picking the method you want or is most convenient. Certain ...
Car-related expenses As a 1099 worker, you have the ability to deduct vehicle expenses on your tax return. This includes gas, insurance, vehicle depreciation, and more by using the actual expense method. The other option is to track mileage using the standard mileage rate. Both options have ...