With all the headline news about tax reform and how it affects your taxes, don’t forget an essential element of support for many deductions based on the use of automobiles— your beginning mileage number. Whether you ultimately need it for your deduction off 2018’s taxes, if you don’t get the number now, you won’t have it next year when you need it. So, make sure you record the total current mileage on all your cars today and keep it someplace you will be able to get it at the end of next year. Your tax accountant or preparer will thank you!
Putting the Power of Numbers to Work for You