Drive for your business and the standard mileage rate turns those miles into a deduction. Ten thousand business miles can mean roughly a seven thousand dollar write-off.
See how it works through one simple example.
Say you log ten thousand business miles in a year.
At the standard mileage rate, that is roughly a seven thousand dollar deduction.
You just have to track the miles, and the write-off follows.
Educational guidance, not tax advice. We confirm every figure and your eligibility before you act.
Connect your account and we confirm your eligibility and the exact numbers.
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The honest version.
You can use the per-mile standard rate or track actual vehicle costs. Deduckt compares them.
No, regular commuting miles are not deductible.
A contemporaneous log of dates, miles, and business purpose.
Connect an account or upload last year's return. No card to get your number.
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