Do I need to record mileage?
Do I need to record mileage? According to the IRS, you do not have to record your odometer readings at the beginning and end of each of your trips. The only time you have to log your odometer readings is at the beginning and end of the year (and if you start using a new vehicle).
What is the mileage deduction for 2023?
The 2023 IRS mileage rates are: 65.5 cents per mile for business purposes. 22 cents per mile for medical and moving purposes. 14 cents per mile for charitable purposes.
Do you calculate mileage from home or work?
The IRS considers business mileage as any driving done solely for business purposes. For example, driving out of the office to meet clients, get supplies, or run other business errands. Note that commuting between your home and your place of work is not considered business mileage.