Long time viewer first time poster. I wonder if anyone has ran into this situation. Let me began. I plan to attend a conference (business related) that is 2800 miles round trip. Plane ticket is ~$350. I know that for 2019 you get to deduct .58 cents for each mile driven. The math works out to $1274 in tax savings! Also, I plan to stay at a few motels along the way which adds to more deductions. Cash costs between the flight and drive washes out after expensing for motel stays and food. Besides time, effort and a bit of depreciation on the car, I find this to be a huge cost saver. What am I missing here?
Accountant · Atlanta, GA · Member since 2015 · 1k+ posts · 1k+ votes
7y
@Account Closed
If you're saying costs for both scenarios are equal, I'd much rather spend 10 hours in airports and planes than 40 hours on the road, an additional 2,800 miles on my odometer, and the increased risk of a traffic accident.