6. Standard Deduction
6. Standard Deduction
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The Internal Revenue Service announced standard mileage rates for 2022 today for taxpayers to use in calculating the deductible costs of using a car for business, charitable, medical or moving purposes. That means tax savings if you’re self-employed and drive your own car for business—and likely more money in your pocket if your employer reimburses you for miles driven. Read More: https://www.forbes.com/sites/ashleaebeling/2021/12/17/irs-2022-standard-mileage-rates-theyre-way-up/?sh=2ce0f69872c5
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The Internal Revenue Service announced standard mileage rates for 2022 today for taxpayers to use in calculating the deductible costs of using a car for business, charitable, medical or moving purposes. That means tax savings if you’re self-employed and drive your own car for business—and likely more money in your pocket if your employer reimburses you for miles driven. Read More: https://www.forbes.com/sites/ashleaebeling/2021/12/17/irs-2022-standard-mileage-rates-theyre-way-up/?sh=2ce0f69872c5
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