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Old 07-04-2010, 04:26 PM   #11 (permalink)
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You can itemize or take a fixed rate per mile. Obviously the fixed rate is the way to go for a $25,000 deduction off your gross income.

God I love sticking it to the govt.

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Mech

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Old 07-04-2010, 07:56 PM   #12 (permalink)
Drive lots knows little
 
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blue sipper - '06 Honda Insight
90 day: 85.96 mpg (US)

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I own an income tax prep company also, so you can imagine what my tax return looks like and all the substantiation I keep on file. If I ever get audited again, I pity the poor tax man. Last years file alone is 2 file folders not including the bank reconciliation.

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