mileage

Cents-Per-Mile Rate for Business Miles Decreases Slightly for 2020

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half...

Vehicle-Expense Deduction Ins and Outs for Individual Taxpayers

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and...

Higher Mileage Rate May Mean Larger Tax Deductions for Business Miles in 2019

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5...

Got Medical Bills? Quick Guide to Planning

Law Change Affects Moving, Mileage and Travel Expenses

The Internal Revenue Service recently provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: Move...

Standard mileage rates will go down in 2016

Optional standard mileage rates for business use of a vehicle will go down beginning  January 1st, 2016, the IRS announced on Thursday. For...