You can use your mileage on taxes to lower your taxable income but only if you’re maintaining an accurate mileage log.
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On this page, you’ll find tips for how to best maximize your miles for tax purposes. This includes knowing what drives you can write off, what the IRS is looking for in your records and other best practices well-suited for small business owners, self-employed workers and freelancers.
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In this week's Ask the Tax Expert, a mystery shopper has questions about deducting mileage when you stop at home. In particular, she's curious about which drives related to your home can you write ...Read more
Most people who drive for business calculate their deduction using the standard mileage rate. In many cases, this deduction adds up to a significant amount and worth taking. But, don't forget ...Read more
Updated: Jan. 2, 2019
If you're an employee who uses your personal car for business reasons, you may be eligible for a mileage reimbursement. Sometimes, it's not clear how to calculate mileage ...Read more
Updated: October 3, 2018
The Mileage Rate 2016 is important for anybody looking for a driving-related deduction. This is also often called the Standard Mileage Rate and is worth 54 cents per ...Read more
In this week's Ask the Tax Expert, a budding beekeeper asks questions about which drives are deductible. While your business may not be as buzzing, read on for some applicable tips for small business ...Read more