Driving Down Taxes: Tracking your Business Vehicle Mileage
Regardless of your businesses’ size, the miles put on for business-related driving have value to you. Here’s what you need to know about the previous and current mileage deductions that might be applicable to your business. 2018 Mileage Deduction A mileage deduction of 54.5 cents per mile can be applied for a business trip The mileage deduction for moving or medical-related travel is 18 cents per mile Charitable mileage deduction of 14 cents per mile You may also calculate th