If you want to take advantage of the potential for tax savings by deducting your mileage, it’s important to know the rules as well as to keep accurate records. A standard IRS mileage rate accompanies each type of deduction that you can use for your mileage. Moreover, tolls and parking fees may also be claimed on your tax return when taking the mileage deduction.
Keeping accurate records is as easy as noting your odometer reading on January 1st in any given ...Continue Reading ? Share