Mileage Deduction Calculator
Standard mileage method at the 2024 IRS rates — $0.67 business, $0.21 medical, $0.14 charity.
Rideshare, delivery, and traveling freelancers usually save more with the standard method than with actual expenses.
Standard mileage deduction
2024 IRS rates: business $1/mi · medical $0.21/mi · charity $0.14/mi.
Total deduction
$8,040
Estimated tax saved
$2,905
Avg savings per mile
36.1%
Breakdown
Business (12,000 mi × $0.67)$8,040
Medical (0 mi × $0.21)$0
Charity (0 mi × $0.14)$0
Total deduction$8,040
Tax savings combine your marginal income bracket and 14.13% SE tax (15.3% × 92.35%) on business miles only.