Save on your 2011 Income Taxes

11 Jan

2011 Business Mileage Deduction

If you use your vehicle for business, here are the applicable mileage deduction rates for 2011:

1/1/11 through 6/30/11 – 51 cents per mile

7/1/11 through 12/31/11 – 55 1/2 cents per mile

I was able to claim an average of $775 per month using the business mileage deduction.

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