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Do You Still Need to Track Your Mileage with the New Tax Law?

February 01 2018

autoThe new tax laws may have you wondering if you still need to track your mileage for taxes. Let's go over how you may be impacted by the new tax law.

What Are the Major New Parts of the Tax Law?

The new tax law includes a major cut in the corporate tax rate, as well as reductions in the individual tax rates.

As with change in the tax law, there are many, many little things that you should talk to your tax pro about. We'll go over a few things we think are useful.

Keep in mind that most of the new tax law changes will impact your 2018 tax year. When you file your taxes on April 17, 2018, you will be filing for 2017 taxes and the previous tax law. The impact of the new tax law will mostly be felt starting in 2019.

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