The IRS was a bit late this year in giving us the rate.
The IRS mileage deduction or IRS mileage allowance for 2015 is finally set by the Internal Revenue Service.
The rate for the year 2015 is 57.5 cents per mile for business.
Depending on the condition, and whether you have a loan on your vehicle, the mileage deduction for miles driven could be more to your advantage for tax purposes.
You have to look at the alternatives with the Vehicle Depreciation method.
If you have a vehicle that is paid for, cost nothing for an auto payment and only has a low insurance cost, this could be best for you.
It gets better when you get more MPG or Miles Per Gallon when driving your vehicle..
You should be using a mileage log. Print the free mileage log.
What is the mileage rate for 2015? It is 57.5 cents per mile.
This is the mileage rate for 2013. Here it is for 2014.