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Mileage Reimbursement Calculator
Enter your business miles and the rate. This returns the reimbursement or deduction, and compares the standard mileage method against actual vehicle expenses.
Your numbers
Result
Standard mileage deduction
$8,400
- Actual expense method
- $5,700
- Better of the two
- $8,400
- Difference
- $2,700
- Estimated tax saved
- $2,016
- Business use
- 60%
- Standard method per month
- $700
How this is calculated
- Standard mileage = business miles × the IRS rate per mile.
- Business use % = business miles ÷ total miles driven.
- Actual expense method = total vehicle costs × business use %.
- You may claim one method or the other, not both.
Before you order
- You need a contemporaneous mileage log — date, destination, purpose and miles. Reconstructing it later is exactly what gets disallowed in an audit.
- Commuting from home to your regular workplace is not deductible. Travel between job sites generally is.
- If you use actual expenses with accelerated depreciation in year one, you generally cannot switch to the standard rate for that vehicle later. Choose deliberately.
- The IRS rate changes annually. Verify the current figure rather than trusting the default here.
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