How can I deduct miles driven for tax purposes?
An example of an AI chatbot conversation about tax deductions for miles driven.
How can I deduct miles driven for tax purposes?
You can deduct miles driven for business purposes on your tax return. The IRS allows you to use either the standard mileage rate or actual expenses.
What is the current standard mileage rate?
As of 2023, the standard mileage rate is 65.5 cents per mile driven for business purposes.
Are there any specific records I need to keep?
Yes, you should keep a detailed log of your business miles, including dates, destinations, and the purpose of each trip.
Can I deduct miles driven for commuting?
No, commuting miles between your home and your regular workplace are not deductible.
What if I use my personal car for business?
You can still deduct the business-related mileage, but you need to keep accurate records to differentiate between personal and business use.
Use ChatGPT in Telegram
Get this answer and more from ChatGPT in Telegram, try it for free!
Get Started For FreeWhat can MagicBuddy do?
The Friendly AI in Your Pocket
Powered by advanced language models trained on billions of online words and conversations, MagicBuddy delivers friendly and helpful chat on demand.
Ask questions and get answers. Crack jokes and get laughs. Or even get writing ideas and study help. MagicBuddy's conversational intelligence allows for a truly unique and useful chat experience.
Curious? Try these prompts:
Telegram's Best AI-Powered Chatbot
MagicBuddy is incredibly easy to use and the responses are lightning fast! 🥇
Impressive! MagicBuddy is my go-to AI assistant. It’s quick, accurate, and user-friendly.
Sending voice messages makes it easier to use in the middle of the day and the answers are super fast.
Love it! A friend of mine told me about it and it has made my life so much easier. It’s like having a helpful friend in my pocket!
I use 2 months already, simply amazing! MagicBuddy delivers answers in a snap. It’s a must-have tool for staying informed!
Game-changer! MagicBuddy’s speed and accuracy are unmatched. It’s my secret weapon for productivity
Talk to ChatGPT on Telegram
Say Hello to Your New Telegram BFF - Try MagicBuddy Free!
Get Started For Free