Tax Mileage Rates: Is pp3 Accurate?

[ChefJoyJ]

What's mileage going for on taxes these days? I wasn't sure if PP3 was accurate at 48 cents/mile.

 

[kdangel518]

Re: mileageI believe that my office at my f/t job reimburses you $0.45 a mile, so I'd say P3 is pretty accurate based on that- I know they review it every so often based on fuel costs, etc.

 

[chefann]

Re: mileageYou can see the current rate at irs.gov. For 2009, it's 55¢ per mile. That's one thing that P3 doesn't update automatically. You need to go into the edit expense categories area and update it.

 

[ChefJoyJ]

Re: mileageThanks Ann! I'll go in and update it today!

 

[BethCooks4U]

Re: mileagePersonally, I don't worry about what P3 says is the mileage rate. When doing the taxes we just enter the mileage and the tax program determines the rate anyway.

 

[lmradlein]

Re: mileagewhat other items do turn in for your taxes...this will be my first "real" year of doing taxes for PC.

 

[ChefJoyJ]

Re: mileageThis is also my first year keeping better records for taxes...here's what I've come up with:

groceries (for practicing recipes, shows, etc...anything PC related), postage, mileage, supply orders, sample orders, any consultant gifts...well, I'm sure there is a ton more, but since I started back in Aug., that's what I've started keeping track of.

I'd welcome more ideas!

 

[shannonjennings]

Re: mileageinternet, cell phone, telephone

 

[Grandmarita]

Re: mileageOffice supplies; Logos apparel; Bank fees on your special business acct. (when a check bounces for example); Conference fees and travel to same.