Expedite Trucking Forums - View Single Post - Depreciation or Standard Mileage Deduction

ross · 04-06-2008, 09:44 PM

Frank,
If I go with standard mileage deduction(which I already did for 07)does that mean I don't have to keep all my receipts(fuel,tolls etc) for 08. It sounds like keeping receipts isn't necessary for doing your taxes, if you go with standard mileage deduction. Am I correct?

04-06-2008, 09:44 PM	#6 (permalink)
ross Junior Member Join Date: Sep 2007 Location: Erie, PA, USA. Rating: Posts: 19	Re: Depreciation or Standard Mileage Deduction Frank, If I go with standard mileage deduction(which I already did for 07)does that mean I don't have to keep all my receipts(fuel,tolls etc) for 08. It sounds like keeping receipts isn't necessary for doing your taxes, if you go with standard mileage deduction. Am I correct?