If expenses outweigh the mileage deductible can I use expenses even though I filed mileage last year? Or can we not switch

Question

AI accountant’s answer:

You can switch between the standard mileage rate and actual expenses, but there are some rules to keep in mind. If you started with the standard mileage rate when you first placed your vehicle in service, you can switch to actual expenses later. However, you can't claim accelerated depreciation, including any special depreciation allowance, for the vehicle after using the standard mileage rate.

If you leased your vehicle and used the standard mileage rate, you have to use the standard mileage rate for the entire lease period (including renewals).

So, yes, you can switch to actual expenses if it's more beneficial for you, but be aware of the limitations.

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