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We are all familiar with the prices at the pump. That is why it is more important than ever to seek every deduction possible when calculating your driving expenses that relate to your work or business. It can be a time consuming process but tracking
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There has been a recent increase in the standard mileage tax deduction rate. It has increased from the previous 48.5 cents per mile to 50.5 cents per mile. This new increase took effect on January 1st, 2008.
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Another great advantage to itemizing your tax return is the deductions you can receive from claiming your vehicle mileage. There are many reasons tha[...]
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