Gas prices prompt IRS to raise mileage rates

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dlich18

dlich18

Well-known member
Joined
Oct 5, 2010
Messages
89
Location
West Los Angeles, CA
http://www.marketwatch.com/story/gas-prices-prompt-irs-to-raise-mileage-rates-2011-06-23

Haha

Do you think Leaf drivers are entitled to the same mileage rate?? :lol: :lol:
 
Leafers will be as long as the rate is the only change.

Currently only the number of wheels is a factor. Cars and trucks can take either 'actual expenses' or the 'standard rate' whichever is larger. For my motorcycle, I can only use 'actual expenses.'

Deductible business miles would be a very nice way to help pay for a Leaf! Cha-ching cha-ching cha-ching as the miles click by! :mrgreen:
 

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