What are those business miles worth?
The IRS standard mileage rate turns driving for work into a deduction. Enter your miles and the current rate to estimate it — then confirm the details with a pro.
How this is calculated
Straight multiplication: business miles × standard mileage rate. The standard mileage rate is the IRS's simplified alternative to tracking every fuel, maintenance, and depreciation cost individually — it bundles them into one per-mile figure. You pick the method that gives the larger deduction, but you generally have to choose one approach per vehicle and stick with the rules around it.
The rate above is editable because the IRS sets a new one each year — always verify it against the current IRS guidance. Keep a contemporaneous mileage log; a reconstructed one is weak if you're ever asked to back it up. For the wider picture, read the freelance taxes basics guide and set money aside as you go with quarterly estimated taxes.