You can deduct business-related mileage, but commuting costs (home to work) are not deductible. Use the standard mileage rate or actual expenses method to calculate the deductible portion.You can deduct business-related mileage, but commuting costs (home to work) are not deductible. Use the standard mileage rate or actual expenses method to calculate the deductible portion. Additionally, keep accurate records of your mileage, including the date, purpose of the trip, and the distance traveled. This documentation will be helpful in case of an audit or when filing your taxes. Remember that the standard mileage rate can change annually, so it's essential to stay updated on the current rates set by the IRS. If you opt for the actual expenses method, ensure you track all relevant costs, such as gas, maintenance, and insurance, to maximize your deductions.
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