New IRS Mileage Rates for 2017 for Americans Who Deduct Travel Expenses
Tax preparation expert Frank Ellis provides insights for businesses that include tax-deductible travel in their annual tax returns. The IRS has change mileage rates in 2017 for business owners who run fleets of vehicles. Oil prices, inflation, and consumption are factored into the most recent changes. The new tax deduction rates go into effect on January 1.
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