Every mile you drive for business could be money back in your pocket—but only if you track it correctly. The IRS updates mileage rates annually, giving business owners a chance to reduce taxable income through a legitimate and often-overlooked deduction.
With the right tax strategy, you can ensure every business mile works to lower your tax bill.
What Are the IRS Mileage Rates for 2024 and 2025?
The IRS has set the 2024 business mileage rate at $0.67 per mile, an increase from $0.655 per mile in 2023. In 2025, this jumps to $0.70 per mile—a crucial tax-saving opportunity for business owners, coaches, and consultants who drive regularly for work.
Who Can Deduct Business Mileage?
If you’re self-employed, run an LLC, or operate as an S Corp, you can write off miles driven for business purposes. This includes:
Driving to meet clients or customers
Traveling to business-related conferences or events
Driving to ship products or purchase supplies
However, commuting miles from home to a regular workplace don’t qualify.
How to Calculate and Claim Your Mileage Deduction
Option 1: Standard Mileage Rate
Write off $0.67 per mile in 2024 or $0.70 per mile in 2025 for business travel.
Covers all vehicle-related expenses (gas, maintenance, insurance, etc.).
Best for those who drive a lot for work but don’t track every individual expense.
Option 2: Actual Expense Method
Track all costs related to your vehicle, including:
Gasoline
Insurance
Repairs & maintenance
Lease or loan payments
Depreciation
Deduct the business-use percentage of these costs.
Make Every Mile Count
The IRS doesn’t make tax deductions easy—but that’s where strategy comes in.
Inside CRAFT Money Map, I help business owners:
Choose the best deduction method to maximize savings
Track business mileage properly to avoid IRS red flags
Lower tax liability while keeping more of what they earn
Subscribe to my newsletter for expert tax strategies that ensure you never overpay the IRS.