Can I Deduct Mileage for Commuting to Work

According to the IRS, you may not deduct mileage for commuting to your regular place of work from your home address if you are a W-2 employee. If you are classified as an independent contractor and run your own business then there are several tax advantages regarding your automobile as a business expense. You may choose either the actual expense method or standard mileage deduction method. .
Copyright © 2013 Dictionary.com, LLC. All rights reserved.