In: Accounting
Scott placed a business auto in service on January 1 2016 and drove it 5629 miles for business 3377 miles for commuting and 6755 miles for non-business service what about can he deduct on his taxes
For tax year 2016 standard mileage rates in cents per mile was 54 cents for business miles.
Miles for commuting and miles for non business services are not deductible for tax purpose
Therefore amount that he can deduct on his taxes are
5629 business miles * $0.54 = $3039.66
Hence the answer : $3039.66 is the standard mileage deduction