Hope you are all keeping track of your miles driven for business. The IRS is in a generous mood.
“Due to rising gas prices, the mileage rate will increase by eight cents to 58.5 cents a mile for all business miles driven from July 1 through Dec. 31, 2008.”
Check the IRS website.
- Four Things to Know about Taxes and Starting a Business - November 14, 2017
- You probably should be making estimated tax payments to the IRS - November 7, 2017
- 2015 Standard Mileage Rates from the IRS - December 23, 2014
- Deducting your home office – webinar Wednesday - September 8, 2014
- Webinars on hiring independent contractors and avoiding common tax mistakes - April 30, 2014
- IRS? There’s an app for that - February 12, 2014
- IRS Tax Calendar for Small Business and Self-Employed - December 31, 2013
- 2014 Standard Mileage Rates for Business, Medical and Moving Announced - December 7, 2013
- Where can you find answers on the Affordable Care Act? The IRS - August 21, 2013
- Avoiding the Top Tax Mistakes - June 13, 2013
For any of your readers who want a simple way to track mileage expenses, you might want to check out http://paybackable.com – it automatically calculates mileage expenses using the current IRS rates. Just enter the date of travel, a brief description and the number of miles driven – Paybackable does the rest, even when rates change. There’s a free plan for individuals and a 30-days free trial for companies with multiple users.
Hey, Kevin, thanks for the link to your site. I checked it out. It looks really usable. It is also great that you allow individuals to use for free!
There is an exciting business tool provided by http://www.MileageLogger.com that will capture your business mileage automatically, no need for pen and paper.