🚙 IRS Mileage Deduction Tax Savings Calculator
Calculate your IRS standard mileage tax deduction and actual tax savings for gig and freelance work.
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📘 Complete Guide: IRS Mileage Deduction Tax Savings Calculator
Use this free calculator to instantly estimate your numbers. All calculations happen in your browser — no data is stored.
What is the 2026 IRS standard mileage rate?
The IRS adjusts the standard mileage rate annually. For 2024 it was $0.67/mile for business use. Check IRS.gov for the current 2026 rate. This deduction significantly reduces taxable income for gig workers.
Standard mileage vs actual expense method — which saves more?
Track both for your first year and choose the higher deduction. Standard mileage is simpler. Actual expenses (gas + insurance + depreciation + repairs) can save more for fuel-efficient vehicles used heavily.
How to track mileage for tax purposes?
Use MileIQ, Everlance, or Stride apps that automatically detect and log drives. Log the business purpose for each trip. The IRS requires a contemporaneous mileage log for audit protection.