IRS Hikes Gas Mileage Rate by 4.5 Cents
Nannies That Drive Their Own Cars for Work Should Be Reimbursed 55.5 Cents Per Mile
Starting today, July 1, the IRS announces that drivers can deduct 55.5 cents per mile for using their car for work. The new mileage rate for deducting medical and moving expenses is 23.5 cents per mile, up 4.5 cents from 19 cents.
You may also generally deduct the costs of tolls and parking while using your vehicle for work.
Do you drive your own car for work? Are you reimbursed for gas mileage?