If you use your own vehicle for business purposes, you may be able to deduct a percentage of your driving-related expenses from your taxable income. To do so, you'll need to keep an accurate record of ...

Today is tax day (for those of us who file quarterly, anyway), which reminds me how important it is to keep good records in case the taxman cometh for an audit. For example, if you deduct your mileage ...

Maximizing tax deductions helps reduce the overall tax bill you might pay. The Internal Revenue Service announced a standard deduction rate increase for the tax year 2011. Deductions can be taken for ...

In accordance with the IRS mileage deduction allowance, reimbursement for mileage incurred during business travel is a benefit that many employers offer, and if your employees travel by car frequently ...