Mileage Deduction Calculator
See what your business miles are worth at the 2026 IRS standard mileage rate of $0.725/mi — and roughly how much you’d save in taxes. An estimate for educational purposes.
Estimated mileage deduction
$8,700
IRS standard rate (2026)
$0.725/mi
Estimated tax savings
$1,914
Deduction × your marginal rate
Standard mileage rate applies to cars and light vehicles with a contemporaneous mileage log. Owner-operators of heavy trucks use the actual-expense method instead.
Stop doing this by hand
Gigaverse tracks your income, mileage, deductions, quarterly taxes, and retirement automatically — so the numbers above just happen.
Frequently asked questions
What is the 2026 IRS standard mileage rate?
$0.725 per business mile for cars and light vehicles. You multiply business miles by the rate to get your deduction. (Owner-operators of heavy trucks use the actual-expense method instead.)
How much can gig drivers save with the mileage deduction?
It depends on your miles and tax bracket. Many full-time drivers log thousands of business miles a year and under-track them. The deduction lowers your taxable income; your actual savings equal the deduction times your marginal rate.
Do I need to track every mile?
Yes — the IRS expects a contemporaneous mileage log. Gigaverse auto-tracks every business mile so the deduction is documented at tax time.
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Disclaimer: This calculator is for educational and informational purposes only and does not constitute financial, tax, or investment advice. All results are hypothetical estimates based on the inputs and stated assumptions, are not guarantees, and do not account for your full tax situation, state taxes, or credits. Gigaverse AI, Inc. is not a bank; brokerage services are provided through a FINRA/SIPC-member broker-dealer. Consult a qualified professional before making financial decisions. Full disclosures →