Maximize Your Tax Savings: Deduct Mileage for Supplies & More

[jrstephens]

For each reciept that I have for supplies and things can I deduct the mileage to and from the store for the supplies? I think I can just wanting to double check.

I need some deductions b/c right now I have to pay and hubby is not happy.

 

[ange13]

I do. and to the bank and to meetings, conference, etc.

 

[chefann]

Yes, you can.
And to shows, meetings, training, post office, conference (or airport), recruiting interviews...

 

[jrstephens]

Thanks! I am off to add some more mileage in PP!!!

 

[lisacb77]

Ann, do you have to claim a home office to claim show mileage? Because I don't have a dedicated or big enough space, but I have had some shows I've traveled hundreds of miles for I want to claim! (And yes, the trip was just for the show!)

 

[chefann]

No, you do not have to claim a home office to be able to claim mileage. I don't take the home office deduction (it's a big red flag that screams "audit me!"), but I ALWAYS have mileage deductions. Any trip you make for your business, whether it's to the grocery store for ingredients or across state lines to do a show, is deductable. You can take mileage OR gas/maintenance percentages, but the mileage is easier and usually results in a bigger deduction.

 

[jenniferknapp]

What should I do for receipts that are an hour + away (example: post office) ....because I was on the way to do something else... but yet I have a local one about 10 miles away? Is it a red flag to just not claim the mileage for those....but do claim it for others?

 

[beepampered]

Having to pay money means you made money. Your husband should see that as a good thing....