You probably track your business mileage. At least you should, or you could be paying more in taxes. The 2012 IRS mileage rate is 55.5¢ a mile: that means that you get to deduct 55.5¢ from your taxable income for every mile you drive for business. It’s gone up to 56.5¢ for 2013. Going to […]View Post
What’s your odometer say?
Posted on by Betty in Freelance Business, Mileage, Taxes in the USA No Comments
It’s the first week of the year: go out to your car and write down your mileage. I note mine on my calendar for January 1st. It could come in handy at tax time next year. Speaking of mileage, in July, 2011 the IRS changed the amount businesses can claim for business miles, so there […]View Post