Monday, June 30, 2008

Important Information for Self-Employed Musicians and Clergy in the USA

Beginning tomorrow, July 1, the Internal Revenue Service has mercifully deigned to grant that the mileage deduction for tax purposes will be going up from $ .505/mile to $ .585/mile.

I know more than one organist (present company included) for whom April 15 is usually a rather unpleasant day due to all the wedding fees that add up over the year. Yes, even wee little organists--and their wee little incomes--get hit with the big 15% Social Security Tax. So, take every deduction you can.

I suppose this new rate has to do with the high price of gas. Of course, if they really cared, they'd let us take the deduction in Euros:-)

More recent articles:

For more articles, see the NLM archives: