Auto Mechanic Job Ads

Posted on February 12, 2012 by Admin
Auto Mechanic Job Ads

Auto Mechanic Job Ads

In preparation for 2011's taxes, keep track of your mileage throughout the year. You can deduct your car's operating costs based on the amount of miles driven, if you've used your car for business, charity, moving, or medical-related transportation.

Tax Deductions for Business

Driving your car for business-related purposes? The IRS has increased the 2011 rates by one cent from the 2010 rates. You can now deduct your mileage at a rate of 51 cents per mile, but make sure that you're documenting the miles driven, and only applying the rate to actual business travel. According to the IRS, you can even apply the mileage deduction to hired transportation, such as a taxi.