Very simple question I have for you fellow agents who have been filing taxes for years now. So this is new to me, but I'm sure this will be an easy question for you.
Scenario:
I made $10,000 of taxable income last year.
I drove 18,000 miles
I can write off $0.57/mi on taxes. (correct?)
Question:
I don't owe any money on taxes right?
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Scenario:
I made $10,000 of taxable income last year.
I drove 18,000 miles
I can write off $0.57/mi on taxes. (correct?)
Question:
I don't owe any money on taxes right?
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