Mileage Allowance

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Dictionary Says

Definition of 'Mileage Allowance'

A deduction of automobile expenses for people using their vehicles for business, charity, moving, medical or any other purpose that qualifies for a deduction.
Investopedia Says

Investopedia explains 'Mileage Allowance'

There are different categories of purposes for deductible automobile-expenses, each of which has a specific cent-per-mile deduction. Careful documentation of the mileage and the reason for the trip is essential for audit-proofing your taxes.
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'Mileage Allowance'

  • Tax Deductions For Rental Property Owners

    http://www.investopedia.com/articles/pf/06/rentalowner.asp
    ... standard mileage rate. You can read more about the IRS's requirements and
    current mileage allowance in Publication 463. Other Common ...

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