To maximize your auto related deductions you must keep excellent records. An app that helps
you track your mileage at the start of the day and a record of each trip you make, noting those
that are business related, is critical.
Caution! It is tempting to purchase a new vehicle to take advantage of the advanced
depreciation rule for the first year of ownership. However, using industry practice, it may be
more beneficial to use the standard mileage deduction.