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Standard Mileage Deduction

Oct 11, 2017 by

If you drive 10,000 miles or more per year for your real estate business, it’s likely you’ll get the greatest tax benefit by taking the standard mileage deduction.

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Mileage Multiple Choice

Aug 16, 2017 by

The 2017 mileage rate is: A. .57 cents; B. .53.5 cents; or C. .54 cents? B. The mileage deduction was reduced from to .54 cents in 2016, and then again to 53.5 cents in 2017.

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Do You REALLY Need to Track Your Mileage?

Aug 2, 2017 by

Yes, if you want to claim this deduction (up to $ 500 per 1K miles). If you drive more than 10K/year, the IRS requires a detailed log with date, time, mileage and purpose of the trip.

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