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 Irs Publication 463 Travel Car Expenses 2020

Pub 463 PDF 2020-2025 Form

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welcome to this episode of accounting for small business with business accountant georgie klein welcome back in today's episode we're going to talk start talking about travel expenses but today we're only going to talk about your car because your car is some ways one of your business biggest expenses and are you keeping track of it well you have couple options but i want to go for my favorite one and that's mileage this year in 2013 is 56 and a half cents a mile that you get to take off your taxes now think about it if you go to drive 250 miles a week that's pretty near how many miles i need to look it up 13 000 miles a year and that's seven thousand dollars of business expenses so are you keeping track of them miles but let's go back to the beginning and you have two options in this category and that's mileage or the actual expense mileage first you need to determine what's your home office and your tax office tha

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