Business + medical + charity reimbursement at the applicable IRS rates
Business reimbursement$362.50
Medical deduction$0.00
Charity deduction$0.00
Total miles500mi
Annualized reimbursement$362.50
Effective rate (blended)0.725$/mi
Total
Business$362.50 100%
Medical$0.00 0%
Charity$0.00 0%
Business$362.50
Medical$0.00
Charity$0.00
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Your IRS mileage reimbursement is $362.50 for 500 miles.
Business driving accounts for 100% of your total reimbursement ($362.50) and is typically reimbursed by your employer or deductible for self-employed drivers on Schedule C.
The IRS requires a contemporaneous mileage log: date, destination, business purpose, and odometer readings. Apps like Everlance or MileIQ automate this.
Next stepKeep a mileage log throughout the year and submit it with your expense report or attach a summary to your tax return. Do not combine personal and business trips in the same entry.