How to Calculate Mileage Deduction

What is Mileage Deduction?

A business mileage deduction calculator computes the tax deduction for business driving using the IRS standard mileage rate (67 cents/mile in 2024) or actual vehicle expense method. Keeping a mileage log with date, destination, and business purpose is required to substantiate deductions. Medical and charitable mileage use lower rates.

Step-by-Step Guide

1Track business vs personal miles
2Apply IRS standard mileage rate
3Calculate deduction

Worked Examples

Input

10,000 business miles, $0.67 rate

Result

$6,700 deduction

Keep mileage logs

Common Mistakes to Avoid

✕Not verifying results
✕Ignoring jurisdiction

Frequently Asked Questions

What does this calculator do?

Identify calculation need

How do I use this calculator?

Input required values

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