Many people are upset that the mileage rate (from the IRS) has decreased. The mileage rate decreased because fuel costs have decreased.
(All of you conspiracy theorists might want to note that the same thing happened last year at this time too. Hmmm, just in time for us to drive around and do Christmas Shopping……)
When I talk to a Small Business Owner, I hear disappointment that the IRS mileage rates dropped. When I talked to an accountant friend of mine, she was happy – “I’d rather pay less for gas than have a higher deduction.”
Better spending habits are far, far more valuable for tax savings than spending more and getting more “write-offs”.
