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Mileage Log
Did you know that you can deduct or rather get an allowance on your taxes for the miles you have driven for business, Medical, moving etc?
There are specific rules that apply but if you are in business for yourself for one example you can deduct 56.5 cents per mile driven in 2013.
You can deduct 24 cents per mile driven for medical purposes, and 14 cents per mile for charity in that year, as well. You have to read the instructions for details.
Check on that here
At - www.mileage-deduction.com/
Depending on what condition your vehicle is in, and whether you have a loan on your vehicle, the mileage deduction for miles driven could be more to your advantage for tax purposes.
It is also referred to as the "Mileage Allowance".
The alternative to consider is the Actual Expense method.
If you have a vehicle that is paid for, cost nothing for an auto payment, and only has a low insurance cost, this could be best for you.
It gets better when you get more MPG or Miles Per Gallon.
You are expected to keep track of miles driven and for what purpose.
That is done easily with a mileage log. It is simple.
You should always use a mileage log. Print the free mileage log.
Or print this free mileage log.
Why We Exist
We want you to be more informed.
A lot of folks panic when they are asked to fill out a W9 form.
My first episode with one left me with a feeling of confusion because I did not read the instructions to be sure of what I was doing.
I just had at it without reading anything and it was overwhelming - never again.
Take a little time to read the instructions and it is very simple to deal with.
Now when I fill one out I simply do it in about a minute.
It gets very simple to deal with these and if you do them often enough it is a breeze!