Mileage

Mileage expenses incurred while using your car for your own business, business purposes at the request of your employer, from one job to another job, or from your job to school are tax deductible.

Mileage for Small business

Mileage qualification for employees:

• Mileage expenses which are work-related at the request of your employer.
• Mileage expenses going from one job to another job.
• Mileage expenses from your job to school.
• Parking fees and tolls are also deductible if they are work-related.
• If your employer reimburses you for less than the IRS mileage rate, you have a deduction.

Exceptions:

• You cannot deduct the cost of driving your car between your home and your main place of work.
• You cannot deduct the cost of driving your car between your second job and home.
• If your employer has a mileage reimbursement policy and you fail to turn in your expenses report, you do not qualify for mileage deduction.
• You cannot deduct mileage your employer has reimbursed.

Small business:

• Traveling from one work location to another.
• Visiting customers.
• Attending a business meeting away from your regular workplace.
• Getting from home to a temporary workplace.

Car or truck expenses include:

• Depreciation, lease payments, registration fees, gas, insurance, repairs, oil, garage, rent, tires, tolls and parking fees.

It is very important to keep accurate records of your mileage.

Tips for keeping your records:

• Total miles for the year
• Mileage for each business use
• Times and dates
• Place/address
• Business purpose
• Charitable purpose
• Educational purpose
• Medical purpose

Lorem Ipsum Dolor

Nunc et vestibulum velit. Suspendisse euismod eros vel urna bibendum gravida. Phasellus et metus nec dui ornare molestie. In consequat urna sed tincidunt euismod. Praesent non pharetra arcu, at tincidunt sapien. Nullam lobortis ultricies bibendum. Duis elit leo, porta vel nisl in, ullamcorper scelerisque velit. Fusce volutpat purus dolor, vel pulvinar dui porttitor sed. Phasellus ac odio eu quam varius elementum sit amet euismod justo.

Lorem Ipsum Dolor

Nunc et vestibulum velit. Suspendisse euismod eros vel urna bibendum gravida. Phasellus et metus nec dui ornare molestie. In consequat urna sed tincidunt euismod. Praesent non pharetra arcu, at tincidunt sapien. Nullam lobortis ultricies bibendum. Duis elit leo, porta vel nisl in, ullamcorper scelerisque velit. Fusce volutpat purus dolor, vel pulvinar dui porttitor sed. Phasellus ac odio eu quam varius elementum sit amet euismod justo.