Are you treating your commute as a deductible expense?
The bad news.
It’s very possible that you’re violating the law. You see, the IRS generally doesn’t let you deduct your expenses for your commute to work. (These miles are “personal miles” and are not deductible.)
The good news!
As a business owner, it’s easy for you to convert your daily trip into thousands of dollars of deductions. And, best of all, these deductions are 100% IRS-approved!
Want us to steer you in the right direction? Read my new article titled Tax Tips: Your Daily Commute Is Not Deductible—Unless You Do One of These Three Things.
Three winning strategies you can use now:
- Strategy #1: Use your home office to maximize deductions. When your home office is your principal office, your home becomes a “business location.” Which means your “commute” to your office outside your home becomes a trip between business locations. The result? Your mileage is deductible! You’ll get all the details when you read the full article.
- Strategy #2: Deduct trips from your home to a “temporary work location.” Let’s say you don’t have a home office, but you do commute to an office downtown. If this describes your situation, there’s a nice deduction headed your way. All you have to do is meet two simple tests that we’ll explain when you read the full article.
- Strategy #3: Consider setting up a home office if you don’t already have one. It’s really easy to do and having a home office can provide you with a number of valuable tax deductions. Important information is waiting for you when you read the full article.