# 621 Auto Mileage V. Actual Expense: Who wins?

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 13 May 2026

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Did you deduct actual expenses or use the standard mileage rate for your vehicle? More importantly, was that the best choice for your situation? Book a comprehensive tax and business consultation with Mark and Mats firm KKOS Lawyers to ensure your strategy works for you. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Lo...

Transcript

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0:00.0	Welcome everybody to the Main Street Business Podcast. My name is Mark Kohler and I'm here with my
0:04.1	worthy opponent, the one and only Matt Sorenson in the ring with me today talking about a very,
0:09.0	very contestious issue. Yeah, we're going to battle it out today. But the net result is you're going to
0:16.4	learn how to write off your auto in the best way possible because we're going to duke it out between mileage or actual expenses, which wins. Yeah, and you're going to have fun. You're going to have a good time. You've got to learn something and have fun. It's like, that's pretty much what this podcast is all about. That's what's all about. It's an entutainment. So you're. Okay. So, no, Matt, um, what do you want? Mileage or actual? Round one. Round one. Bring it. In this corner. In this corner. Can we, can we, can I get something announcing me to come out? Okay. Okay. So, my lead. I'm going to take mileage. Oh, okay. I'm going to take mileage. You know, and that means you're actual.
0:57.7	I guess so.
0:56.7	We drew up. So myel-i... I'm going to take mileage. Oh, okay. I'm going to take mileage. You know, and that means you're actual.
0:57.7	I guess so.
0:59.9	We drew straws and Mark got the short straw.
1:00.8	Yeah, yeah.
1:02.1	I won't say what... It's not that its mileage is better or worse.
1:04.0	It's just...
1:04.6	Maybe I got the cool robe.
1:06.4	I come out with better music.
1:07.6	Like a little kid rock coming into...
1:09.1	Okay. out with better music, like little kid rock coming into the bone, bong, you know, into the stadium,
1:11.6	whatever. Okay. So mileage, what do you like about mileage for, what's your first point?
1:15.8	Here, the first thing I want to say is, just to put this in context, let's say you drove 10,000
1:20.8	miles for the year. And you're a business owner, self-employed. Well, I can take 72.5 cents as a deduction.
1:30.2	And I'm getting $7,250 as a deduction on my business return.
1:34.9	Soul proprietor, partnership, S-Corp, doesn't matter.
1:37.4	I get a ride off that mileage.
1:39.6	Simple, easy, done.
	...

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