ConnollySteeleJun 28, 20223 minVehicle expenses: Can individual taxpayers deduct them?It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them in certain...
ConnollySteeleJun 22, 20222 minBusinesses will soon be able to deduct more under the standard mileage rateBusiness owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide...
ConnollySteeleDec 27, 20212 minWill the standard business mileage rate go up in 2022? Yes!After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for...