The Great Mileage Payback: November 2008

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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Tuesday, November 4, 2008

961 Miles Logged / $562.18 in Payback for October

During the month of October, we logged 961 business related miles, which comes to $562 in business mileage deductions based on the IRS' 58.5 cents per mile reimbursment! (as of July 1, 2008) Prior to July 1, 2008, the rate is 50.5 cents per mile. If you aren't logging your business miles, you're missing out. Take the hassles out of logging by getting your very own automatic mileage logging device. It's Accurate, Automatic and IRS Compliant. Click on any sales banner to order yours today!