New Mileage Rate Deductions for 2009
If you use your vehicle for work, medical purposes or moving, be aware of changes to the amount you can deduct for your mileage in 2009. You have the option of deducting the actual expenses, or you can use the ...
IRS increases business mileage deductions.
Effective July 1, 2008, the standard mileage rate deductible for Business purposes increases from the current 50.5¢ per mile to 58.5¢ per mile. That can add up to a significant tax deduction but you have to keep written records that ...
