I am an employee. Special rules may apply, depending of your employee's reimbursement arrangement. You may use either the standard mileage rate or the actual cost method in calculating your car or truck expenses. If you use the standard mileage rate, do not compute or deduct depreciation.
Depreciation is an expense that is used with the actual cost method.
You may use either the standard mileage rate or the actual cost method in calculating your car or truck expenses. Generally yes, unless paid under an accountable plan. To be an accountable plan, your reimbursement or expense allowance arrangement must meet the qualifying requirements, explained later. A reimbursement or expense allowance arrangement is a system by which you substantiate and pay the advances, reimbursements, and charges for your employees' business expenses. If you make a single payment to your employees and it includes both wages and an expense reimbursement, you must specify the amount of the reimbursement.