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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.

Водич корак по корак

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

Worked Examples

Инпут
10,000 business miles, $0.67 rate
Резултат
$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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