IRS Mileage Rate Tax Deduction 2011, 2012
70Don't Forget To Claim Your IRS Mileage Rate Tax Deduction
Another great advantage to itemizing your tax return is the IRS mileage rate deduction you can receive from claiming your vehicle mileage. There are many reasons that your mileage may be tax deductible.
Mileage Deduction IRS Rate
You can choose to take these optional IRS standard mileage rates if you are an employee, self-employed, and all other taxpayers if you have vehicle operating costs that fall into tax deductible categories.
What Types of Vehicle Mileage Are Tax Deductible?
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Miles Driven for Business
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Medical Travel Mileage
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Moving Travel Mileage
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Servicing for Charitable Organization Mileage
How Much Can I Deduct For Business Vehicle Mileage
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51 Cents Per Mile For Business
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14 Cents Per Mile For Charitable
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19 Cents Per Mile For Medical
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19 Cents Per Mile For Moving
We can expect to see this amount for the IRS mileage tax deduction rate to change from year to year. The mileage deduction rate for business purposes is 51 cents per mile.
The rate for moving or medical purposes is 19 cents per mile. The vehicle mileage tax deduction for charitable travel will remain the same staying at 14 cents per mile.
The IRS standard mileage rate for business, moving, and medical travel comes from an annual study that is done to determine the costs of operating a vehicle, and of the fixed and variable costs of operating a vehicle. The IRS will usually hire an outside company to complete this study.
The study is conducted by an independent contractor by the name of Runzheimer International.
To learn more about the IRS mileage rate tax deductions please visit TurboTax Online. TurboTax Online offers free tax calculators to help you maximize your tax deductions.
Getting the Most From the Mileage Tax Deduction
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I am looking at employment in Vt. I live in NY. It would be 84 miles round trip. This would be my primary place of employment. Would the milage to and from work be tax deductible? On top of mileage, Id also be looking at a $14 round trip ferry fee. Is that also tax deductible?
Your video has 2010 rates
i travel 71 miles roundtrip for my cancer treatment 3 days a week is this tax deductible..and what proof do i need..log of visits ? or gas reciepts
A charity will pay me 25 cents per mile....would I be better to go the 14 cent per mile to deduct for charity?
The best way to get mileage reimbursement is to have a GPS that automatically logs your miles.
Can I deduct mileage to and from work if I am self employed?
I've read all the above comments, but does any one receive an answer? All I want to know is how much my husband can deduct per mile while he commuted to trade school. Also, Kellogg-gov't hasn't been balanced since Clinton. Obama isn't the cause of this depression, you best research your presidences/parties. I vote strictly for the candidate whom best suites my concerns/best interest in our country. I do not give a flying leap what party denomination a candidate is running for. Educate yourself!
Insightful hub you have provided .
Keep up the good work
I'm a commuter student who makes an 88 mile round trip every day to attend my school. Am I able to deduct this from my taxes this year as well?
Can routine milage to & from work be used and if so, where do we document this when we file?
Just because Wade likes getting bent over doesn't mean the rest of us do.
Wade, you give it a break you idiot.
What sort of paperwork do I need to keep record of this? A personal log? Gas receipts?
ya the medical mileage i have never claimed ihave over 4k mile but it might not be worth claiming seems I would of had a better chance at 24c and that was close to $600 if not more i had to pay in gas
Kellogg, give it a break you idiot.
Thanks for reducing my mileage deduction from 24 cents a
mile to 16.5. That helps a lot when we're paying $3.00 plus for gas.
I guess Obama needs the money so he can trip off to Hawai'i
I work for home health care and wonder what the amount is per mile for me, I know I do not get paid for going to the office or coming home.
I am a volunteer driver for my local county's aging and disability dept. I am reimbursed .50 a mile. The county is now saying they will send a W9 statement at the end of the year for tax purposes on any payments over 600.00 dollars. Is this correct?
I volunteer twice a week delivering Meals on Wheels for the Hospital. What is the mileage rate for this service
Bonnie... Can I come work for you? I'm comfortable just absorbing miles driven at that hourly rate.
Can I give an estimated expense allowence for travel for business use to employees where it is unreasonable to make them track everywhere they drive. (such as people who make $200-$400 per hour and might spend 20 minuets time per day tracking places traveled.
If I leave from home going directly to a customer and then to the office (100 miles) what can I put on my expenses
the 100 miles or the 100 miles less what I would have traveled on a normal day to and from work?
I'm in outside sales and have to use my car. I averaged
20,000 miles in 2009 and my employer pays for fuel only.
Do I still get a deduction as I pay all other costs out of my pocket (Insurance, wear on vehicle...)?
If I get paid .40 a mile at my work for mileage, am I able to claim the remaining .10 a mile on taxes? Also I am only able to put down roundtrip -35 miles. Would I be able to claim those 35 miles a day for the whole .50 per mile?
TJ 12 days ago
Anyone asking about commuting mileage to and from work is generally NOT tax deductable.
Sorry for all those who are asking about long commutes.