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To claim the standard mileage deduction, you must maintain a log of your qualifying miles. Mileage rates for the 2025 tax year include: To claim the deduction for vehicle expenses, you must retain ...
If you go the standard mileage route, you’ll just need to track the miles driven for business and keep a simple log. There’s no need to save receipts for gas, maintenance, or insurance.
Because mileage reimbursements are typically tax-deductible, the Internal Revenue Service, or IRS, provides specific ...
For example, if you deduct your mileage, it's critical to have a log that meets IRS standards--meaning it includes dates, odometer readings, trip details, etc. (Here's the IRS document that ...