Use the standard mileage rate to figure the deductible costs of operating your car for business purposes. If you do not use the standard mileage rate, you may be able to deduct your actual car expenses.
Beginning Jan. 1, 2017, the standard mileage rates are:
- 53.5 cents per mile for business miles driven, down from 54 cents for 2016.
- 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016.
- 14 cents per mile driven in service of charitable organizations.
Publication 17, Your Federal Income Tax - Chapter 26, Car Expenses and Other Employee Business Expenses - Under Transportation Expenses, see Car Expenses