06/19/2026
The IRS raised the standard mileage rate to a whopping 72.5 cents per mile for business use in 2026.
Here's what that does NOT mean ↓
If you're a small business who drove your personal car 10,000 miles, you can automatically deduct $7,250 for mileage on your tax return.
Not every mile you drive is deductible! Personal trips and your daily commute to your office generally don't count.
The IRS wants to see your mileage log, including details from each drive, like:
→ the date
→ the business purpose
→ business miles driven (starting point + destination works)
Now, you don't *have* to use the standard mileage rate!
If you want to track all of your vehicle expenses (fuel, maintenance, insurance) and deduct your business-use portion of those, use the actual expense method instead.
Need help figuring out a system to best track your mileage as a small business? Message me!