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IRS Deductible Standard Mileage Rates for 2015 & Prior Years - eFile


Tax Deductible Car Miles - IRS Standard Mileage Rates ... Can I Deduct the Standard Mileage Rate from My Income? If you itemize the deductions. you can ...

Mileage Deduction 101: Everything You Need to Know About ...


May 11, 2015 ... What Types of Business Driving Qualifies for a Mileage Deduction? ... If you're earning an income from odd jobs such as babysitting, pet .... maintenance and repairs, gasoline, taxes, oil, insurance and vehicle registration fees.

Everything You Need to Know About Deducting Mileage on Your ...


Jan 14, 2016 ... While there are several scenarios in which mileage can be deducted from income taxes, self-employed people have access to the highest ...

2015-2016 Mileage Deduction Amounts | Bankrate.com


Here are the mileage deduction amounts for 2015 and 2016. ... year's allowable percentage of your income, you will enter it as a deduction on your tax return.

Mileage Tax Deduction Vs. Reimbursement for Automobile ... - Zacks


Mileage deductions and reimbursements each offer tax breaks and help offset ... of the deduction from your gross income, which reduces your taxable income.

IRS Mileage | Liberty Tax Service


IRS mileage rate for allowance and reimbursement for 2009 and the rules from Liberty Tax Service.

Can You Get A Tax Deduction For Work-Related Driving? | Bankrate ...


Nov 7, 2014 ... Some employees can get a tax deduction for mileage they incur ... of expenses that is more than 2 percent of your adjusted gross income.

How to Deduct Car and Truck Expenses for Taxes - Tax Planning: U.S.


Learn what car-related expenses are tax-deductible, what records to keep, and how ... Includes standard mileage rates for 2015 and 2016. ... Car Rental Income.

Tips for Income Tax Mileage Deductions | Chron.com


The ins and outs of claiming vehicle mileage can reduce your taxes. ... multiply 6,000 by 0.555 and you find you can deduct $3,330 from your taxable income.

How to Deduct Business Mileage From Personal Income Tax ...


If you are self-employed or own a small business, you can deduct mileage you use for business purposes on your federal tax return, but you must keep a record  ...

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Standard Mileage Rates - IRS.gov


Tax Professionals Topics ... The following table summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, ...

Federal Tax Laws on Mileage Reimbursement - TurboTax Tax Tips ...


Federal tax law allows you to claim a deduction for the business mileage if ... as taxable wages on your W-2, which means you don't pay income tax on them.

Driving Down Taxes: Auto-Related Tax Deductions - TurboTax - Intuit


Mileage is the biggest deduction, Schrage noted, adding, "Although it may not ... and may be deducted from your income taxes, according to Andrew Schrage, ...