What is Mileage Calculator?
Computes tax deductions and employer reimbursement sums for business-related driving using current IRS standard mileage rates.
How to Use This Calculator
- Enter total business miles driven.
- Verify the IRS statutory rate.
- Read total reimbursement and tax deduction value.
The Mathematical Formula & Variables
Total Reimbursement = Business Miles * Rate per Mile
Step-by-Step Worked Example
Scenario: 1,200 business miles driven at the 2024 standard IRS rate of $0.67/mile.
- Deduction = 1,200 * $0.67 = $804.00.
Result: $804.00
Frequently Asked Questions
Can you deduct commuting miles from home to regular work?
No. Under IRS tax law, regular daily commuting between your home and primary workplace is non-deductible.