The IRS makes the optional standard mileage rates high enough that they are supposed to cover all expenses associated with the wear-and-tear that you put on your car. So, for instance, you cannot deduct things such as oil changes or new windows. When using the optional standard mileage rate, you’re not permitted to deduct any other expenses incurred from the vehicle. 14 cents for each mile driven for a charitable organization.20 cents for each mile driven for moving or medical reasons.58 cents for each mile driven for business purposes.The 2020 IRS optional standard mileage rates are: Use a Mileage Calculator to Optimize Business EfficiencyĮach year, the Internal Revenue Service allows independent contractors to deduct standard mileage rates.Video Courses Free courses designed to help you earn more.Working Remotely How to succeed when working remotely.Productivity Tips and tricks to increase productivity.Gear & Supplies The best gear, training & education for gig workers.Sector-Specific Information Guides & tutorials for popular gig economy industries.
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