Mileage Calculator

Want to make sure you're correctly calculating your mileage deduction in your business? We got you covered!

The IRS really provides you with a choice of two methods for claiming business mileage on your taxes.

You can use the actual expenses method to calculate your mileage deduction, which requires adding up all of the money spent operating your vehicle and multiplying it by the percentage that you used it for business. Or, you can use the standard mileage method, which requires adding up all of the miles you drove for business during the year and multiplying it by the standard mileage rate set by the IRS for that year.

To help you, we've created a user-friendly mileage calculator spreadsheet to make sure you have confidence in your numbers, so you can set your business finances up for success for the 2020 tax season and beyond!