2024 Mileage Deduction Calculator
Calculate your potential mileage deduction using the IRS standard rate of $0.67 per mile. Perfect for rideshare and delivery drivers.
Mileage Deduction Calculator
Calculate your potential mileage deduction using the 2024 IRS standard rate of $0.67/mile
About the IRS Mileage Deduction
The IRS allows self-employed individuals and gig workers to deduct business-related mileage using the standard mileage rate. For 2024, this rate is $0.67 per mile.
This rate covers gas, maintenance, insurance, depreciation, and other vehicle expenses. You cannot deduct actual vehicle expenses if you use the standard mileage rate.
Note: This calculator provides estimates only. Consult a tax professional for personalized advice.
2024 IRS Standard Mileage Rate
For 2024, the IRS standard mileage rate for business use is $0.67 per mile. This rate covers all vehicle operating costs including:
- Gas and fuel
- Maintenance and repairs
- Insurance
- Depreciation
- Registration fees
- Oil changes
Mileage Tracking Tips
1. Track All Business Miles
Include miles driven to pick up passengers/orders, driving between gigs, trips to the gas station, car wash, and any other business-related travel.
2. Use an Automatic Tracker
Manual tracking often misses 30-40% of miles. Use an automatic mileage tracking app to capture every business mile without effort.
3. Keep a Mileage Log
The IRS requires documentation. Keep records showing the date, destination, business purpose, and miles driven for each trip.
4. Choose the Right Method
You can use either the standard mileage rate or actual expenses method. The standard rate is simpler, but actual expenses may save more if you have high vehicle costs.
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Frequently Asked Questions
Can I deduct commuting miles?
For gig workers, the concept of "commuting" is different. Miles from your home to your first passenger/delivery and from your last one back home are generally considered commuting and not deductible. However, all miles while actively working are deductible.
What about miles to the gas station?
Yes! Miles driven to get gas, car washes, or vehicle maintenance during your work shift are deductible business miles.
Can I switch between standard mileage and actual expenses?
If you use the standard mileage rate in the first year the car is used for business, you can switch to actual expenses in later years. However, if you start with actual expenses, you must continue using that method.
What records do I need to keep?
Keep a mileage log showing the date, destination, business purpose, and miles driven for each trip. The IRS requires "adequate records" to support your deduction if audited.