If you use your own vehicle for business purposes, you may be able to deduct a percentage of your driving-related expenses from your taxable income. To do so, you'll need to keep an accurate record of ...

The Internal Revenue Service lets you deduct all of your business-related automobile expenses. You can choose between two methods. The easy method is to just claim a flat rate per mile. Alternately, ...

I work for a company that requires me to travel.I am responsible for 40 miles a day then after that they give me .38 per mile.Can I report the other on my taxes Answer: Myron - IRS Publication 463, ...

When you use a vehicle for your business, the Internal Revenue Service allows you to write off a certain amount of money per mile as an expense -- 55.5 cents as of 2012. For example, if you travel ...

70 cents per mile driven for business use (up 3 cents from 2024). 21 cents per mile driven for medical purposes (the same as in 2024). 21 cents per mile driven for moving purposes for qualified active ...

If you use your own vehicle for business purposes, you may be able to deduct a percentage of your driving-related expenses from your taxable income. To do so, you'll need to keep an accurate record of ...