Money Matters

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When is Mileage Deductible?

Mileage is a popular business deduction, but is your mileage actually deductible? There is a great deal of misunderstanding about mileage deductions, and in recent years the IRS has become increasingly picky about evidence.Your daily commute to your permanent work location is not deductible, even if your workplace is far away or you are hauling too...
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IRS Mileage Crackdown: No Log, No Deduction

Mileage is a popular business deduction, but taking advantage of it has gotten more complicated as the IRS cracks down on mileage deductions by not allowing estimates to be used in an audit. In fact, unless you provide complete and accurate records, your entire mileage deduction can be rejected, even if you can prove that you drove for business during the year.

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