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Submitted By: Betty
Answered: December 29, 2015 11:50 am
Answered: December 29, 2015 11:50 am
If I have a decal for my business on my truck, can I deduct all of my mileage as being for business?
No. Having a decal or a removal sign that helps to advertise your business does not entitle you to deduct all of your driving as business mileage. You’re limited to the actual miles driving for business purposes, such as seeing customers and meeting with vendors.
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Tax Glossary
Disaster losses
Casualty losses such as from a storm, in areas declared by the President to warrant federal assistance. An election may be made to deduct the loss in the year before the loss or the year of the loss.
