How can mileage be deducted from taxes?

Answer Depending on your purpose for driving, you may be able to deduct mileage from your taxes. Most mileage deductions are itemized deductions, which means you can only claim them if you forgo the stand... Read More »

Top Q&A For: How can mileage be deducted from taxes

How much can be deducted on taxes for mileage for medical purposes?

For the 2009 tax year, mileage driven to get medical care is deductible at 24 cents per mile. The miles count from your residence to the place of medical care and back again. Record keeping is esse... Read More »

How much in taxes is deducted from a paycheck?

The amount of money that is withheld from your paycheck depends on your income and the number of exemptions you claimed on your W-4 form. In addition, 7.65 percent of your income is withheld for F... Read More »

Can the Tax From Buying New Car Be Deducted on Federal Taxes?

The Internal Revenue Code in the United States allows for deduction of sales tax on the purchase of a vehicle when the taxpayer completes Schedule A, Itemized Deductions, of Form 1040, U.S. Individ... Read More »

How to Calculate Taxes Deducted From Wages?

The Tax Policy Center notes that payroll taxes which fund unemployment, Medicare, Social Security and many other retirement programs contributed to approximately 34 percent of federal earnings in 2... Read More »