IRS Mileage Deduction & Actual Expense Calculator
Compare the standard $0.67/mi IRS mileage rate against actual vehicle operating costs to maximize your write-off.
IRS Mileage Deduction & Actual Expense Calculator
Compare the standard IRS mileage rate against actual vehicle operating expenses to maximize your write-off.
1. Business & Personal Mileage
2. Actual Vehicle Operating Expenses
Optional comparison+$5,025 advantage
Estimated Tax Savings in Cash
Based on ~27% combined tax bracket
Standard IRS Method
$10,050
15,000 mi × $0.67
Actual Expense Method
$5,025
75.0% of $6,700
IRS Mileage Audit Requirement
To qualify for the mileage deduction, the IRS requires a contemporaneous log showing the date, destination, business purpose, and mileage for each trip.
Frequently Asked Questions
The IRS standard mileage rate is 67 cents ($0.67) per mile driven for business purposes, 21 cents ($0.21) per mile for medical or moving purposes, and 14 cents ($0.14) per mile for charitable organizations.
Track Gas Receipts & Mileage Easily
Expenseliy gives you OCR receipt scanning and expense tracking to ensure bulletproof tax records.