Thread: IRS help
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Old Tue Feb 13, 2007, 03:45pm
WhistlesAndStripes WhistlesAndStripes is offline
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Quote:
Originally Posted by RushmoreRef
So, I'm dumb but, if I get $.32/mile for officiating then I can deduct an additional $.165 to reach the allowed $.485 by the IRS????
Yes you can, if you are talking about 2007. For 2006, the rate was only 44.5 cents per mile. One way to do it is to include all mileage reimbursements you receive in your gross income, and then deduct the applicable mileage rate times the number of miles.
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