Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to DrFriday.com. This is a one-minute moment.
Dr. Friday 0:12
We all know that the tax law changed back in 2017 when they pretty much eliminated, starting in 2018, the “2106” or expenses for employees. But if you are a self-employed individual or you receive 1099, remember mileage is still out there for all of you. You may be able to deduct your auto from what you do to make your income. So, for example, if you basically are driving miles back and forth, you have the ability to write off those miles at $0.56 cents a mile in 2021. Charity miles will be $0.14 cents a mile, and moving or medical is $0.16 cents a mile. If you need help, 615-367-0819.
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.