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Tag Archives: deduction rates

Mileage

Deduct all of the mileage you’re entitled to — but not more

By Legacy Protection, LLP |

Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard mileage rate to compute their deduction related to using a vehicle for business. But you might also be able to deduct miles driven for other purposes, including medical, moving and charitable purposes. What are… Read More »

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