So, just to get this straight. Say I made $60,000 in a year, but drove 15,000 miles just for meeting clients (sales job).
2% of 60k = $1,200
.59/mile driven = 15,000 x .59 = $8,850
So if those two figures are correct, the total I could deduct is $7,650?
Now if that's correct, say my company gives a $500 per month stipend, assuming you hit your mileage for that month. Would I then have to deduct $6,000 from that above number giving me only $1,650 left to deduct?
