What is Standard Mileage Deduction?
The standard mileage deduction lets you write off business driving at a set per-mile rate instead of tracking every actual vehicle cost.
How it works
You multiply your business miles by the IRS rate for the year. It covers gas, maintenance, insurance, and depreciation all in one figure. The alternative — the actual-expense method — deducts the real costs times your business-use percentage.
A quick example
What people get wrong
The deduction lives or dies on your log. Record the date, miles, and purpose of each trip contemporaneously — a reconstructed "guesstimate" is exactly what the IRS disallows on audit.