Vehicle mileage deduction question

[weblover78]

Hi,

For business use of a personal vehicle, the 2006 IRS rate is 44.5cents per mile. Last year, the IRS allowed 48.5cents, and for 2008 it's 50.5cents per mile.

The question-- is there a reason that a company would choose not to pass along the full reimbursement? I guess I can think of administrative expense taking a few cents, but that just doesn't seem right. I'm assuming that the company's accounting staff is well aware of how much they can deduct, and taking the maximum deduction.

[cassie]

Yes, many companies will not give you the full mileage reimbursements as the IRS allows for deductions. Why, to save money of course.

[Simplyme]

That just really does not seem right. If you are the one using the fuel and it is your vehicle how could they not pass that onto you?

[pearly]

This is really screwing like thing if it time to tax deduction Yes these companies do like this so what you can do about it? there is not much you can deal with you still have to pay tax

Are they really wanna make it as such...???

this not seems good.!!!!

[pranith]

actually the companies just want to flirt the customer first and then cheat them compltely.
i think many companies may not give you the fill mileage.

[sr106]

this is great What government giving to us.. we can deduct miles and lie to government that we drove more miles that we actually did.. this is what most people think.. why not to write more mile on tax return and lie to Uncle Sam that we have drive 2 thousand more miles and save few hundredth dollar in tax?

[money3]

deduction for mile driven is 0.50 per mile.. that a lot..it like half dollar per mile I can say that I was drove 12,000 miles to a job with is basically standard rate per year.. and I can deduct $6,000 from my tax return.. yea I will show IRS what is the best! just joke!

[fcmoney]

You want to deduct 12,000 miles but you know that you have to have business and put this on Schedule C any business and remember your car plate should be commercial.. not individual...

[admin]

12,000 miles I drove in half year.. so you can deduct those miles hope you will not get IRS audit.. as if they check you will be in huge financial trouble...