How mileage deduction works
Hi. I am exclusively doing gig work (1099) so far this year. I've made $16,000 so far and have a mileage deduction of $7600 so far. Yes, I drive that much. How does that work? Does mileage deduction come off earned income total before tax or off the amount of taxes owed? In this case, earning $1000 week a driving 1000 miles per week, what % should I save for taxes? I'm in Michigan. Thanks
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