Tags: Mileage Deduction

IRS Commuting Rule: Mileage Rules & Commute Definition

IRS Commuting Rule: Mileage Rules & Commute Definition

If you drive your car for work, you can take a mileage deduction on your taxes. Yet, many people don't know the IRS has some strict rules on what is deductible business driving. There's no such thing ...Read more

How The Best Mileage Tracking App Saves You Money

How The Best Mileage Tracking App Saves You Money

A mileage tracking app is the best way to keep track of your miles for tax or business purposes. You may be thinking, "Can't I just use a pen and paper?" Yes, but the best mileage tracking app has ...Read more

What the IRS Counts as a Business Drive

What the IRS Counts as a Business Drive

Hopefully, you're already tracking your miles in order to get the largest mileage deduction you're entitled to. But, what counts as a business drive? Let's go over what trips the IRS considers as ...Read more

IRS Reporting Requirements for Mileage Deduction

IRS Reporting Requirements for Mileage Deduction

I often get asked if you have to include odometer readings for every trip to get the mileage deduction. The IRS does not require odometer readings for every trip. Let's go over the reporting ...Read more

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

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 ...Read more

How to Keep Track of Mileage for Taxes

How to Keep Track of Mileage for Taxes

If you use a personal car for business purposes, you could be in for a large write-off with the mileage deduction at the end of the year. The mileage deduction can put thousands of dollars back in ...Read more

Ask the Tax Expert: Temporary Work Location Deduction

Ask the Tax Expert: Temporary Work Location Deduction

Q. I am a substitute dental hygienist who works in many different dental offices throughout the city – anywhere from 5-40 miles from my house; some are within the metropolitan city nearest my home, ...Read more