Mileage Deduction Calculator
Calculate your vehicle mileage tax deduction. Compare the IRS standard mileage rate vs actual expense method to maximize your business deduction.
Basic Information
Enter your business mileage details
Total miles driven for business purposes during the tax year
Includes both business and personal miles for the year
2024 IRS Standard Mileage Rate: 67 cents per mile for business use
Compare Methods
Enable to compare standard mileage rate with actual expenses
Annual vehicle depreciation (typically 20% of purchase price for 5 years)
Only if leasing; leave blank if you own the vehicle
Parking, tolls, car washes, etc.
Your Deduction Results
Compare both methods to maximize your tax savings
Standard Mileage Rate
Disclaimer: This calculator provides estimates for informational purposes only. Tax situations vary, and you should consult with a qualified tax professional for advice specific to your situation. The IRS standard mileage rates are updated annually.