Mileage Calculator
Calculate mileage deduction, reimbursement, and fuel cost for business miles.
Results
What is Mileage Reimbursement?
Mileage reimbursement compensates individuals for the cost of using a personal vehicle for business purposes. The IRS publishes standard mileage rates each year for tax deductions and employer reimbursements.
How to Use This Calculator
- Enter the total business miles driven.
- Enter the IRS mileage rate (default 0.67 for 2024).
- Optionally enter your vehicle MPG and fuel price for a fuel cost comparison.
- Click "Calculate Mileage" to see deduction, fuel cost, and net benefit.
Frequently Asked Questions
What is the current IRS mileage rate?
The default rate in this calculator is $0.67 per mile for 2024. Rates change annually, so check the IRS website for the latest figure.
How is fuel cost estimated?
Fuel Cost = (Miles / MPG) × Fuel Price per Gallon. This shows your actual out-of-pocket fuel expense.
What counts as business miles?
Business miles include travel between workplaces, client visits, and business errands. Commuting from home to a regular workplace does not qualify.
Is mileage reimbursement taxable?
Reimbursements at or below the IRS standard rate are generally not taxable income when properly documented.