Standard Mileage Rates for 2009
The standard mileage rate is most commonly used when seeking reimbursement from an employer for the use of a vehicle, or by independent contractors who use their vehicle in their business. But the standard mileage rate can also be used for the moving expense deduction when relocating more than 50 miles. Car expenses can also be claimed as part of the medical expense deduction. So taxpayers who travel frequently to the doctor's office may want to tally up their mileage to get an extra deduction.
More information:


Comments
No comments yet. Leave a Comment