The Great Mileage Payback: December 2004

YOU CAN DEDUCT 50 CENTS/MILE FOR BUSINESSS MILEAGE IN 2010.

The IRS has reduced the business mileage deduction by 9% from the 2009 figures.

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

The Automatic Mileage Logger is tax deductible (consult your tax professional) and will help you reclaim what's yours. It can pay for itself in just a few weeks of driving and will ensure you are able to deduct every mile that you are entitled to claim for business, medical or charitable purposes. We have provided everything you need to know regarding the IRS Business Mileage Deduction and how it can help you, or your small business reclaim some of your fuel costs -- Just read through the Related Articles in the sidebar. We also have links related to tax information, tips and advice on using these deduction to your benefit. Read on, and watch the video to learn more about the Mileage Logger.

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Saturday, December 4, 2004

1107 Miles Logged /$648 in Mileage Payback in November

During the month of November we logged 1107 business related miles or $648 in mileage deductions based on the 2008 rate of 58.5 cents per mile. (as of January 1, 2009, the rate is being reduced to 55 cents per mile)