It only makes sense to save money and those of us who drive miles for business , charity or medical purposes really should. Why pay more taxes than you have to?
The I.R.S. decides the rates yearly and wading through the complexities can be frustrating so here is the information, boiled down to what it does for us in more understandable terms.
The rates for deductions taken for the year 2010 are www.rc123.com/2010_mileage_tax_deduction.html
Lucky for us the changes in deductions for the tax year 2011 are available on
www.rc123.com/2011_mileage_tax_deduction.html
this way we can plan ahead. Hey save some money already!
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