Thursday, August 7th, 2008
GPS-based Mileage Logger --
A few weeks ago I posted an entry called Make the Most of High Gas Prices about the recent IRS increase in the standard mileage deduction from 50.5 cents per mile to 58.5 cents. I pointed out that if you are in the 30% tax bracket, the new mileage deduction will ...
Posted in Solo W-2, Inc., Solo Write-offs | No Comments »
Monday, July 14th, 2008
Write Off Your Gas Mileage and Other Business Expenses --
Given the high cost of gas nowadays, I hope that all solo professionals are taking full advantage of the generous IRS standard mileage deduction to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
On July ...
Posted in Solo W-2, Inc., Solo Write-offs | 3 Comments »
