tbaptista
Mouseketeer
- Joined
- Jul 9, 2012
- Messages
- 145
3 MEN AND A BOAT said:It's the deduct able cost allowable from the IRS if you use your vehicle for work. It's not necessarily what your actual out of pocket cost will be. It's supposed to allow for all costs associated with operating a vehicle; purchase, gas, tires, insurance, repairs, etc averaged out per mile in case you only use it sometimes for work and other times for personal you can deduct the miles you used it for work purposes @ .55 per mile.
So then multiplying the $.55 by the total miles to Disney and back is not what it really costs to drive.