Mike's weekly post usually concentrated on tax saving strategies.
I am often asked... "Can I deduct my clothing for my job?"
My answer seems flippant to some, but it sums up the IRS ruling fairly well... If you look like a "geek" while wearing your work cloths, you have a good chance in getting a deduction
Rules for deducting clothing can be divided into three groups:Beginning on January 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
The new rates for business, medical and moving purposes are slightly lower than last year's. The mileage rates for 2010 reflect generally lower transportation costs compared to a year ago.
The business mileage rate was 55 cents in 2009. The medical and moving rate was 24 cents.
IRS has two reason to increase compliance measures for mortgage interest claimed as an itemized deduction: