Due to the high average cost per mile of operating the gas guzzling cars of America, the IRS allows you a whopping 48.5 cents per mile on your tax deduction. Improving your car fuel economy and gas mileage is, therefore, like having a second source of income. Another great advantage to itemizing your tax return is the deductions you can receive from claiming your vehicle mileage. There are many reasons that your mileage may be tax deductible.You can choose to take these optional standard rates if you are an employee, self-employed, and all other taxpayers if you have vehicle operating costs that fall into tax deductible categories.
Allowable Automobile Mileage Tax Deduction 2009, 2010 - Car Mileage Fuel Economy cars gas diesel
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