Were you aware the IRS cut Mileage from $.575 to $.54 per mile?

The IRS cut our mileage deduction from $.575 down to $.54 representing a 6% decrease in our ability to expense jobs. I did not know they dropped mileage expense, when did you figure this out?

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January 1. JK. Actually I don't remember when, but it has been several months. Since one of the factors going into the calculation is fuel and fuel has dropped dramatically, it wasn't a surprise.

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I think I knew in Fall 2015. The price might change again if fuel prices keep increasing like they are.
I read that the rising gas price is because of the switch to summer blends? Maybe they'll go back down in the fall.

BUT, the price of my repairs keep going up and are through the roof! Imagine, $90 just for an alignment and that's the cheapest I could find it for.
Meh. I think I expensed $27,000 in mileage last year. I imagine there are VERY few (if any) shoppers here who had that much. A 6% decrease cost me the tax rate on $1600 in income. Also known as "not a whole lot." Not worried about it.

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@loghomelover wrote:

BUT, the price of my repairs keep going up and are through the roof! Imagine, $90 just for an alignment and that's the cheapest I could find it for.

Firestone offers lifetime balancing, alignment and rotation. The deal pays off after the first couple visits.

Shopping the Greater Denver Area, Colorado Springs and in-between in Colorado. 31 year old male and willing to travel!
Costco offers lifetime balancing, alignment, and rotation also, plus nitrogen-filled tires so they last longer.

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@GMooneyhan MBSC wrote:

Costco offers lifetime balancing, alignment, and rotation also, plus nitrogen-filled tires so they last longer.

Sam's Club also offers lifetime balancing, alignment, and rotation.
The IRS adjusts the mileage fee every year. The adjustment is made to reflect changes in vehicle operating costs. Clearly, fuel costs less this year than it did a couple of years ago.

No fee, no shop.
That;s good to know! I just saw a shop for them on the board. Will have to go back and grab that one. Thanks!!
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