![]() ![]() ![]() For the 2021 tax year, the rate was 56 cents per mile. You deduct mileage from your taxes using a standard per-mile rate. You can only deduct the 30 miles you traveled for business. If you drive 15 miles to pick up inventory from a vendor and 15 miles back to your place of work, for example, you can deduct 30 miles total.īut if you take a 10-mile detour on the way back so you can visit your favorite bubble tea shop, that extra mileage can’t be deducted. Keep in mind that the mileage has to be “ordinary and necessary” to be a write-off. Meeting with clients, making a sales call, visiting the post office to send shipments to customers-these are all day-to-day examples of when your small business might apply the mileage tax deduction. One condition: The trip has to be for work purposes. If you’re self-employed, you can deduct your mileage any time you leave your business location-even if that business location is your house. ![]()
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