Mr. D purchased an automobile for use in his business for $10,000 in 2015. For the years 2017 through 2021, he used the maximum standard mileage rate to figure his car expense deduction. What would Mr. D's car expense deduction be in 2022, using the standard mileage rate, if the auto was driven 20,000 miles for business use (half of which was January-June), and the business mileage from prior years is 100,000 miles?

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To calculate Mr Ds car expense deduction for 2022 using the standard mileage rate we need to conside... View the full answer