Tags: Ask the Tax Expert

Ask the Tax Expert: Why You Can’t Estimate Mileage Deduction

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Ask the Tax Expert: Why You Can’t Estimate Mileage Deduction

Q. I’ve had the same job for 20 years. I deduct the same business miles every year but now, the IRS is questioning my miles. I had heard that the IRS offers a 10% or $5,000 leeway on these types of deductions—is this true? Can I estimate mileage deduction as long as it’s close?

Mixing Business Trip with Pleasure

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Mixing Business Trip with Pleasure

Q. If we bought a home where my Mom lives and hire her as our agent and property manager, will our visits to see her be deductible? Of course, there would be plenty of personal reasons for these trips. But, could we still deduct things like flight costs, car rentals, some meals? Can you mix a business trip with personal time and still write it off?