2013 Mileage Deduction

Business Mileage

 
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By Roger Chartier

You ask," What is the 2013 mileage allowance or mileage deduction?"

The IRS mileage deduction or IRS mileage allowance for 2013 was set by the Internal Revenue Service. 

For 2013 we have 56.5 cents per mile for business miles as driven by you for your business.

Depending on the condition of your vehicle and whether you have a loan on that car or truck, the mileage deduction for miles driven might be more to your advantage for tax purposes.

The alternative to consider for deduction or allowance should be the Actual Expense method.

If you own a vehicle that you paid for, cost nothing for an auto payment and has a low insurance cost, this may be best for you.

The situation gets better when you get more MPG, or Miles Per Gallon.
You always should use a mileage log. Print the free mileage log.

Back in 2012 you saw a 55.5 cents per mile (Fifty-five and a half cents) allowance for business miles that you drove. That was the mileage rate for 2012.

This is also a page writing about the mileage rate for 2013.

Our rate changes every year and sometimes it will change mid year at the end of June - beginning of July. Take notice of how the mileage rate change in 2011 worked out.





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