What Expenses Is The IRS Mileage Rate Intended To Cover?
Is it true that that my child's mileage to and from school deductible?
The IRS mileage expenses cover business, moving, medical, and charity. Go to the IRS site www.irs.gov and see Pub. 510 on business use of car; Pub 521 for moving associated with a new job. There is a distance test and time tests you must meet. See Pub. 502 for medical mileage, however, your total medical expenses have to be more than 7.5% of adjusted gross income and you have to itemize. Mileage deductions associated with charitable work can be found in Pub. 526. Also take a look at www.taxes.about.com for practical information.
