How can I claim personal mileage deductions on my taxes?
To claim personal mileage deductions, you need to track your business-related mileage and use the IRS standard mileage rate.
What records do I need to keep for mileage deductions?
You should keep a log of your mileage, including dates, destinations, and the purpose of each trip.
Is there a limit to how much I can deduct?
There isn't a specific limit, but you can only deduct the mileage that is directly related to business activities.
What is the current standard mileage rate?
The standard mileage rate can change annually; for 2023, it's 65.5 cents per mile driven for business purposes.
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