mileage deduction
Driving expense claim
A mileage deduction is a tax deduction for using a personal vehicle for business, medical, charitable, or moving purposes.
The IRS sets a standard rate per mile that taxpayers can claim instead of tracking actual vehicle expenses: I keep a log in my car for the mileage deduction.
The rate varies by purpose and changes annually.
- taxMandatory public revenue charge
- tax write-offExpense reducing taxable income
- write-offRecorded value reduction
- IRSFederal tax collector
- Schedule CSole proprietor income form
business · expense · driving · commute · odometer · receipt · reimbursement · fuel · gasoline · depreciation · standard · rate · cents · logbook · tracking · vehicle · annual · claim
tax treatment
mileage deductiontaxable income
Earnings subject to taxation
personal expense · car allowance · tax liability · denied claim
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