You can deduct 48.5 cents a mile for business driving. You can also deduct parking and tolls (keep reciepts)
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Submitted 763 days ago...
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Answer 2 / 5 -
Submitted 479 days ago...
As of July 08 it went to 58.5 cents a mile Business Mileage Driven.
Answer 3 / 5 -
Submitted 48 days ago...
Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car will be:
50 cents per mile for business miles driven
Answer 4 / 5 -
Submitted 48 days ago...
Why'd they do that, gas has jumped back up this month!
Answer 5 / 5 -
Submitted 47 days ago...
They use an average based on the previous year ... remember, they have to post this and get it printed into publications as early as November of the preceeding year.
If gas prices change too drastically, they will do a mid-year correction.
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What is the current mileage rate
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