So what is the IRS mileage rate all about? Well, basically it means you can claim back some of the expenses on your tax return for the cost of essential travel. So, for example, if you have to spend money traveling around on job searches you can have some of that money reimbursed to you by the IRS. You can claim for your gas expenditure as well as parking fees and tolls, and all these little amounts soon add up so it’s worth doing. If you’re traveling between work locations you can also claim for your gas expenses. One thing to remember though - whatever you’re claiming for it’s important that you keep accurate records so that you’ve got something to back you up if need be.
Now the IRS might have a fit if you try to make a claim for vacations in cheap Venice hotels , but that’s no reason not to go. If you shop around you should be able to find yourself some very reasonable accommodation, and after all that work you deserve a break. Why not see what you can find online today? You may discover hotel prices aren’t as expensive as you’d imagined, and by planning ahead you should be able to find some good bargains anyway. See if you can combine a cheap flight to Italy with a bargain hotel room and then you’ll be able to have a luxurious vacation but without the luxury price tag. Just imagine sitting on a gondola being serenaded by a handsome Italian, while eating an ice cream cone. Oh sorry, I was thinking of an old TV commercial for a minute there. I wonder if the local 24 hour supermarket’s got any ice cream cones in the freezer.
