Submitted By: Bill
Answered: March 11, 2016 12:28 pm

Can I deduct my mileage for driving to a pharmacy to pick up my monthly prescriptions?

Yes, if you have a record of your driving. The rate for driving for medical purposes is 23 cents per mile in 2015 and 19 cents per mile in 2016.

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Tax Glossary

Section 1231 property

Depreciable property used in a trade or business and held for more than a year. All Section 1231 gains and losses are netted; a net gain is treated as capital gain, a net loss as an ordinary loss.

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