Here’s a tax tidbit from Ron Mueller’s newsletter…

WILL WE SEE AN INCREASE IN THE VEHICLE MILEAGE-RATE?

It could happen. The IRS is looking at it. Last year when prices spiked due to Hurricane Katrina, they increased the rates by 20%, effective Sept. 1. Then they dropped the rate back to 44.5 cents/mile as of Jan. 1 of this year in anticipation that we had already seen the peak in prices. Since they were obviously wrong (unfortunately), they may hike the rate again.

You might want to re-read Chapter 7 of “It’s How Much You KEEP, That Counts! Not How much you Make.” That chapter is called “The Key to You Biggest Single Deduction May Be in Your Ignition.”
(The book is available at HomeBusinessTaxSavings.com.)