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Agents Rejoice: Mileage Allowance Goes Up

By
Real Estate Agent with RG Realty Group

Agents Rjoice!:  Gas Prices Go Down While Mileage Alloance Goes up!

 

     Yea for us real estate agents who use our cars for business-which is almost every one-will be getting a double bonus this year.  Not only are gas prices expected to keep dropping, but the amount you can wrtie off on your taxes is GOING UP!  

     The IRS's standard mileage rates, beginning Jan 1, 2015, are:

 

*  57.5 cents per mile for business miles driven (up from 56 cents in 2014) 

 

*  23 cents per mile drive for medical or moving purposes(down half a cent from 2014)

 

     What great news for us Realtors!!  

 

Keep good records and a milage log as well in your car.  Have an awesome day!

     

Comments (2)

Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Mile IQ is a great app I've been using for years. Every dollar we can write off helps!

Jun 29, 2015 11:37 PM
Debi McKamie
McKamie Real Estate Services, LLC - Meridian, TX
Realtor®/Property Manager

We have to use every write off we can.  Good news

Jun 29, 2015 11:55 PM