Mileage Calculator

Calculate mileage reimbursement for business travel using standard IRS mileage rates or custom rates.

Reimbursement = Miles Driven x Rate per Mile; 2024 IRS business rate = $0.67/mile
250 miles at IRS business rate (67¢/mile): 250 x $0.67 = $167.50 reimbursement

What is the IRS mileage rate for 2024?

IRS standard mileage rates for 2024: Business: 67 cents per mile (up from 65.5¢ in 2023), Medical/Moving: 21 cents per mile, Charitable: 14 cents per mile (set by statute). Business rate covers gas, oil, repairs, tires, insurance, registration, depreciation. Rates updated annually based on gas prices and vehicle costs. Use business rate for work-related driving, self-employment, or when employer reimburses mileage.

What counts as deductible business mileage?

Deductible business miles: Client/customer visits, business errands, temporary work locations, business meetings, conventions/seminars. NOT deductible: Commute home to regular workplace (personal), personal errands, commute between home offices (usually). Self-employed can deduct office-to-client travel. Employees need unreimbursed if deducting (rare post-2018 tax law). Keep mileage log: Date, destination, purpose, miles driven.

Should I track actual expenses or use standard mileage rate?

Two methods (choose one): Standard mileage: 67¢/mile x business miles. Simple tracking, no receipts needed for car expenses. Actual expenses: Gas, oil, repairs, tires, insurance, registration, lease payments, depreciation x business-use percentage. Requires detailed records. Compare both methods annually. Standard mileage usually better for: High-MPG cars, older cars (depreciation taken), minimal maintenance. Actual expenses better for: Expensive cars, low MPG, high maintenance costs.

How do I track mileage for tax purposes?

IRS requires contemporaneous log: Date of trip, Destination and purpose, Starting odometer reading, Ending odometer reading, Total miles. Methods: Paper logbook (traditional), Smartphone apps (MileIQ, Everlance, auto-tracking), GPS tracking devices. Best practice: Log immediately after trip. Reconstruction allowed but less reliable if audited. Need business-use percentage: Business miles / total annual miles. Audit red flag: Claiming 100% business use (unrealistic).