How much do I get for mileage if I'm self-employed?
The 2012 the standard mileage rate is 55.5 cents per mile.
You can only claim the business portion of your vehicle mileage.
You can't claim the standard mileage rate if you:
Use the car for hire, like as a taxi
Use 5 or more cars at the same time, like in fleet operations
Claim a depreciation deduction for the car using any method other than straight-line depreciation
Claim a Section 179 deduction on the car
Claim the special depreciation allowance on the car
Claim actual car expenses after 1997 for a car you leased
Are a rural mail carrier who receives a qualified reimbursement
If you want to use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Then, in later years, you can choose to use either the standard mileage rate or actual expenses.
Usually, you can't deduct daily transportation expenses incurred in traveling between your residence and a work location. These are nondeductible commuting expenses. However, there are exceptions.
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This advice is for general information purposes only and may not apply to you. Every tax situation is different. This is not intended to be legal advice. Taxpayers should consult an H&R Block Tax Professional regarding their individual tax situation.