The mileage deduction is generous, but only when the log holds up. Record these details for every business trip and the deduction defends itself.
Record For Every Trip
Date and destinationWhere you went, and when.
Business purposeClient name, meeting, site visit, or errand: one line is enough.
Miles drivenStart and end odometer readings, or the trip total from a mileage app.
Once A Year
January 1 odometer readingTotal annual miles let us split business use from personal.
Vehicle costs, if you want the actual expense methodFuel, insurance, repairs, and lease or loan interest.
What Does Not Count
CommutingHome to your regular workplace is personal, every time.
Personal detoursOnly the business leg of a mixed trip counts.
The IRS standard mileage rate changes each year. Check the current rate at IRS.gov or ask Alder & Finch before you file.
Please note
The information on this page is provided for general reference and may change. It is not tax, legal, or financial advice and does not account for your specific situation. Confirm current details with the appropriate authority or speak with us before acting. We assume no liability for decisions made from this page.