What are the tax deductions for mileage I can claim?
You can claim deductions for business-related mileage, which includes driving to client meetings, job sites, or other work-related locations.
How do I calculate the mileage deduction?
To calculate your mileage deduction, multiply the number of business miles driven by the IRS standard mileage rate for the year.
What records do I need to keep for mileage deductions?
You should keep a detailed log of your business miles, including dates, destinations, and the purpose of each trip.
Are there any limits on the mileage deductions I can claim?
Yes, there are limits based on the type of vehicle and the purpose of the trip. It's best to check the IRS guidelines for specifics.
Can I claim mileage for commuting to work?
No, commuting from home to your regular workplace is not deductible. However, travel to a temporary work location may be.
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