test2007 Mileage Deduction
Posted March 8, 2007 at 07:03pm in Business
I finally remembered to look up the 2007 gas deduction and I discovered the deduction is up from 44.5¢ to 48.5¢, which is great news. I am in the 25% tax bracket and with the mileage per gallon I currently get I am more than breaking even on my gas. So to any consultants not writing off their standard mileage you better start, it really adds up.
