There are two methods of writing off mileage: The standard mileage rate If you have a personal vehicle that you sometimes use for your business, you can write off only the miles driven while you work. If you have a dedicated vehicle that you only use for work purposes, you can write off 100% of your mileage on your tax return. Mileage can either be written off in part or in whole. Keep in mind, the miles you drive between your home and your regular place of work don’t count as business mileage. So, if your moving business is a limited liability company (LLC) with two panel trucks, you can write off the cost of mileage for both work vehicles on your tax return.Īnd if your Etsy store is a sole proprietorship and you’re the only employee, you can write off the mileage incurred when you drive to the post office to mail packages. Now, since the passage of the Tax Cuts and Jobs Act, only self-employed people can write off business mileage. Up until 2017, anyone could write off mileage expenses they incurred for business purposes as itemized deductions on their tax returns.
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