Friday, May 29, 2009

Automobile Business Expenses

by Brigitte Thompson

When you drive to interview someone for an article, to the library to do research, to an appointment with your publisher, to the store to get office supplies, or to the bookstore to purchase a book related to a project, you can track your mileage and produce a business deduction.

The miles that you drive which are in any way related to the operation of your writing business, or the actual expenses required to maintain your automobile can be deducted from your income at tax time. This is one of the most overlooked tax deductions for writers.

Want to learn how to take advantage of this deduction? Chapter 5 of my book, Bookkeeping Basics for Freelance Writers, is devoted to it. Order your copy today!