KOAR Fast Tax

10/16/2026

🎉 2025 TAX SEASON IS OFFICIALLY IN THE BOOKS! 🎉

From all of us at KOAR Fast Tax, THANK YOU to everyone who trusted us to prepare your 2025 tax returns! 💚

We truly appreciate your continued support, referrals, and the opportunity to serve you.

Remember, tax season may be over, but KOAR Fast Tax is here for you year-round!

🌐 www.koarfasttax.com
📞 469-717-0902

10/15/2026

10/14/2026

Filed an extension? Don’t forget an extension to file does NOT extend the time to pay.

If you filed an extension for your 2025 individual tax return, the extended filing deadline is generally October 15, 2026.

If you still owe taxes, penalties and interest may continue to apply to unpaid balances, so don’t wait until the last minute to get your return completed.

Need help getting filed?

📞 KOAR Fast Tax
469-717-0902
🌐 www.koarfasttax.com

Let’s get your return completed before the deadline.

10/14/2026

🚗💰 **LET'S TALK BUSINESS VEHICLE DEDUCTIONS!**

Earlier, we talked about the difference between claiming mileage and deducting actual vehicle expenses.

Now, here's a quick visual breakdown to help you understand which method may work better for your business!

📌 **REMEMBER:** Just because you spend more on gas and repairs doesn't automatically mean you'll receive a bigger tax deduction!

✅ Track your business miles.
✅ Save your vehicle expense receipts.
✅ Compare both methods to see which you're eligible to use and which gives you the better deduction.

💚 **KOAR FAST TAX TIP:** Good recordkeeping throughout the year can make a BIG difference at tax time!

💬 **QUESTION:** Are you tracking your business mileage, saving your vehicle receipts, or doing both?

📞 469-717-0902
🌐 www.koarfasttax.com

10/13/2026

KOAR Fast Tax Tip: Actual Vehicle Expenses vs. Standard Mileage

🚗💰 SELF-EMPLOYED? ARE YOU DEDUCTING YOUR VEHICLE EXPENSES THE RIGHT WAY?

Did you know there are two common methods for deducting business vehicle expenses? Choosing the right one could make a difference in your tax deductions!

OPTION 1: STANDARD MILEAGE METHOD

You deduct a set amount for every qualifying business mile driven. This rate already accounts for expenses such as gas, oil, maintenance, repairs, insurance, and vehicle depreciation.

OPTION 2: ACTUAL EXPENSE METHOD

Instead of using the mileage rate, you calculate the business-use percentage of your actual vehicle expenses, including:
- Gas and oil
- Repairs and maintenance
- Auto insurance
- Tires and registration fees
- Depreciation or eligible lease expenses

IMPORTANT: You generally cannot claim gas, repairs, and the standard mileage deduction for the same vehicle during the same period.

Which one should you choose?

Mileage may be better if you drive a lot of business miles and have relatively low vehicle expenses.

Actual expenses may be better if you have substantial gas, repair, insurance, and other vehicle costs. However, only the business-use percentage generally qualifies.

Example: Which gives the bigger deduction?
Suppose you drove 10,000 qualifying business miles from July through December 2026 and used your vehicle 80% for business.
Method Potential deduction
Standard mileage: 10,000 × $0.76 $7,600
Actual expenses: $8,000 × 80% $6,400

In this example, the mileage method provides a $1,200 larger deduction.

KOAR FAST TAX TIP: Don't automatically choose the method that sounds better. Compare the numbers, and check the IRS eligibility rules first. Your first-year choice, vehicle depreciation history, and whether you own or lease the vehicle can affect which method you're allowed to use.

📞 KOAR Fast Tax: 469-717-0902
🌐 www.koarfasttax.com

💬 QUESTION: Do you track your gas and car repair expenses, your business mileage, or both?

KOAR Fast Tax could be one of the best possible decisions you would make- and we are ready to help. By making decision to get a tax consultation from us, you can expect the expert advice, guidance and representation needed to go through the various IRS or state collection processes as quickly, cheap...