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4 tips to get an 80-100% business use ratio easily and legally

Last updated on June 10, 2022 Any mileage driven with a vehicle for Business purposes is eligible for either Mileage Deduction or Mileage Reimbursement. Business Mileage Deduction can be claimed if a taxpayer uses a vehicle for Business purposes. Mileage Reimbursement is when an employer compensates an employee for the work-related miles they drive with their vehicle. Depending on the status of their employment (Self-Employed vs. Employee) taxpayers might be eligible either for a Business Mileage Deduction or a Mileage Reimbursement from their Employer. Mileage Deduction or Reimbursement can be

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