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Submitted By: Bill
Answered: March 11, 2016 12:28 pm
Answered: March 11, 2016 12:28 pm
Can I deduct my mileage for driving to a pharmacy to pick up my monthly prescriptions?
Yes, if you have a record of your driving. The rate for driving for medical purposes is 23 cents per mile in 2015 and 19 cents per mile in 2016.
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Tax Glossary
Like-kind exchange
An exchange of similar assets used in a business or held for investment on which gain may be deferred.
