we are claiming our mileage for my husbands job this year...does anyone know what it is per mile and how this will help...
2007-12-27 06:13:58 · 4 answers · asked by reinyofTX 1 in Business & Finance ➔ Taxes ➔ United States
I was not aware that amount was set yet.
2007-12-27 06:26:25 · answer #1 · answered by JeffyB 7 · 0⤊ 0⤋
First, did your husband turn in any of the mileage to work? If he was allowed to and didn't, there is no other way to claim it.
If he does have unreimbursed business expenses, he would fill out form 2106 and transfer the total to the schedule A. The total for all business expenses is reduced by 2% of your AGI.
For NON-COMMUTING business miles, the rate is 48.5 cents.
2007-12-27 14:18:41 · answer #2 · answered by Anonymous · 1⤊ 0⤋
The amount for tax year 2007 is 48.5 cents per mile.
2007-12-28 10:10:46 · answer #3 · answered by JK Harris 3 · 0⤊ 0⤋
48.5 cents a mile for business miles. The rate is lower for medical travel miles .
2007-12-27 14:17:32 · answer #4 · answered by Judy 7 · 0⤊ 0⤋