As with the minimum wage increase, New York is staging benefit increases, beginning with 50 percent of an employeeâs average weekly wage, capped to 50 percent of the statewide average weekly wage. The average weekly wage will increase to 67 percent by 2021, with a 67 percent cap.
2. Calculate your business mileage. Mileage deducted for business purposes includes travel to clients or customers, going to a business meeting away from a regular workplace, going to a temporary workplace if you have a regular place of work or traveling among several offices within a region.. Calculate your total at the end of the year. Multiply the total number of miles traveled throughout the year by the mileage rate for each category. For instance, you may deduct 14 cents per mile when working for charitable organizations and 57.5 cents per mile traveled for business.
To use either of these methods, you must keep track of how much you use your car for business. (And you'll need to produce your records if you are audited.) Keep a log showing the miles for each business use, always noting the purpose of trip.he rate for 2012 is 55.5 cents per business mile driven, which is the same rate that was in effect for the second half of 2011. Under the actual expense method, you deduct the actual costs you incur each year to operate your car, plus depreciation you pay for gas and repairs (according to a tax code schedule).