Quote:
Originally Posted by Hatterasguy
Also don't forget if you own your own company you can write off the mileage and in Craig's case he charges for it too!  
So his clients are paying him $25k a year to drive his car, and the feds are letting him write it all off.
Its one heck of a good bargain, now that I do it I see why people love older cars. I will have written off what I paid for my truck this April, so at that point its almost free. |
Actually, you can't do both. You can charge up to $0.50 per mile (at the moment) for using your personal car (that money is not taxed); or you can have your business buy your car and write off the actual un-reimbursed expenses on you corporate taxes. Let's not get greedy.
