2015 Mileage Deduction

Business Mileage

 
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Free Printable Mileage Log
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By Roger Chartier

A lot of inquiry has come to me about the  year 2015 mileage deductions for taxes.

Well I just got the information as it was released and it is 57.5 cents per mile for business miles driven.

The IRS mileage deduction or IRS mileage allowance for 2015 is set by the Internal Revenue Service.



There is also a different method to get money from the use of your vehicle, and that is the Actual Expense method.

It would depend on the condition, and if you own it outright or not, the mileage deduction for miles driven could be more to your advantage, for tax purposes.
You have to look at the alternatives with the Vehicle Depreciation method.

If you have a vehicle that is paid for, cost nothing for an auto payment, and only has a low insurance cost, this mileage deduction method could be best for you.

It is more efficient when you get more Miles Per Gallon.

You should be using a mileage log. Print the free mileage log.

What is the mileage rate for 2015? 57.5 cents for business miles driven in 2015.

Back in 2013 you saw 56.5 cents per mile (Fifty-six and a half cents) allowance or a deduction for business miles that you drove. That is the mileage rate for 2013

Every year the government decides what the mileage rate will be and sometimes it will change mid year at the end of June - beginning of July. See how the mileage rate change in 2011 worked out.

 

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