Increasing the Ratio of the Business Use of a Vehicle
Any mileage that was driven for Business purposes is eligible for either Mileage Deduction or Mileage Reimbursement. Depending on the status of their employment (Self-Employed vs. Employee) taxpayers might be eligible for them. The higher the ratio of Business trips in a Mileage log, the higher Reimbursement or Deduction can be claimed after Business-related car expenses. Reporting a … Read more