PSA: IRS lowers mileage deduction for 2010 - will you owe more in taxes?
Those who moved for work or traveled for medical expenses will receive an even bigger cut this year, down from 24 cents to 16.5 cents. It's difficult to understand why medical/travel mileage was cut so drastically, but we keep trying to remind ourselves that the IRS works in mysterious ways. Heck, we didn't even know you could claim moving and medical mileage, so this one is pretty much a bonus to us.
[Source: Wallet Pop | Image: Scott Olson/Getty]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models