The Great Mileage Payback: 883 Miles Logged / $445.92 in Payback in May!

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.

If you are ready to purchase, simply click on any of the banner ads below.

Friday, May 30, 2008

883 Miles Logged / $445.92 in Payback in May!

We have had the Mileage Logger installed for 30 days and have logged 1,207 miles on the odometer, of which 883 were business miles -- for a business mileage deduction total of $445.92 JUST for the month of May! It is just simply amazing how quickly those business miles can really add up, and it's nice to know that we'll be seeing a return of 50.5 cents for every business mile logged. If we average approx. $500/mo that's $6000 in business mileage deductions for the year! If you log more business miles than we have, you'll save even more on your taxes this year.

To purchase your own Mileage Logger and start recovering some of your fuel costs, click on any of the banner ads. Be sure to keep your receipt, as the device may be tax deductible as well! (consult your tax professional)