Car Expenses

2018 Standard Mileage Rate Announced

The IRS has announced today that the 2018 standard mileage rate will be $.54.5 per mile for business trips. The 2017 standard mileage rate is $.535 for such trips. Family child care providers using this standard mileage method may also deduct the… Read More ›

Deducting Vehicle Expenses

Vehicle expenses can be a major business deduction for family child care providers – and are often audited by the IRS. Therefore, it pays to know what you can deduct and how to keep accurate records. You can count a… Read More ›

MileIQ: Mile Tracking Made Easy

Claiming expenses associated with your vehicle can be a major tax deduction for many family child care providers. The hardest part of claiming these expenses is keeping accurate records of the number of business miles you drive. You can count… Read More ›

Should You Lease or Buy a Car?

The answer is clear: if you want to spend less money on transportation over the long run, buy a car rather than lease one. So why do some family child care providers lease? Leasing upfront costs are lower and leases… Read More ›