The IRS standard mileage rates for 2019 are:
The standard mileage rate determines how much your mileage deduction is worth. You tally up your business drives for the year and then multiply that by the standard mileage rate.
The IRS knows there's a cost to using a personal car for business reasons and it offers a tax break for this. It uses a variety of factors to determine the standard mileage rate. These factors include:
Year Rate Per Mile Dates Covered 201958 cents1/01/19-12/31/19 201854.5 cents1/01/18-12/31/18 201753.5 cents1/01/17-12/31/17 201654 cents1/01/16-12/31/16 201557.5 cents1/01-15-12/31/15 201456 cents1/01/14-12/31/14 201356 cents1/01/13-12/31/13 201255.5 cents1/01/12-12/31/12 201151 cents1/01/11-12/31/11
Yes, the IRS requires you to keep a mileage log if you deduct your business miles. A mileage-tracking app can make this an easy experience.
No, W2 employees can no longer deduct mileage. The self-employed can still write off their mileage as a business expense. The change was part of the tax reform bill of 2017.