Underwriters may experience a large salary bump if they progress into a role such as Manager of Underwriting. The latter position pays an average of $88K annually. A Senior Underwriter or a Mortgage Loan Underwriter is a typical transition from an Underwriter role.
As long as the vehicle is used for business purposes, you may deduct the cost of the actual gasoline used or you may deduct mileage you put on the vehicle. Deducting the actual cost of the gasoline you use is called the actual expense method of deduction.
Taxes Â» Tax Deductions Â» Mileage Deduction Amounts. Americans love automobiles. The IRS even shares the national motoring madness by annually adjusting most of the standard mileage rates taxpayers can use to claim certain types of road trips as tax deductions.4 cents. While the reimbursement rate for business mileage, as well as qualified moving and medical travel, is adjusted annually for inflation, the rate allowed for miles driven in aid of a charity is set by statute at 14 cents per mile.