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Mileage Tax Deduction for 2010, 2011

Another great advantage to itemizing your tax return is the deductions you can receive from claiming your vehicle mileage.

There are many reasons that your mileage may be tax deductible. You can choose to take these optional standard rates if you are an employee, self-employed, and all other taxpayers if you have vehicle operating costs that fall into tax deductible categories.

What is Deductible?

Miles Driven for Business

Medical Travel Mileage

Moving Travel Mileage

Servicing for Charitable Organization Mileage

How Much Can I Deduct?

50.5 Cents Per Mile For Business

14 Cents Per Mile For Charitable

20 Cents Per Mile For Medical

20 Cents Per Mile For Moving

Learn More, http://hubpages.com/hub/Current-Allowable-Automobile-Mileage-Tax-Deduction
Link: hubpages.com...Search for more tips related to this link
Rating: 91% positive, 34 total Votes
Categories: mileage tax deduction 2008 2009
Added: on Mar 18, 2009 at 12:39 pm
Added By: traversbowles
Searches: mileage tax deduction mile cent

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