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.
You should be using a mileage log. Print the free mileage log.
Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) is:
- 56.5 cents per mile for business miles driven (up 1 cent per mile from last year).
For 2012, you saw a 55.5 cents per mile (Fifty-five and a half cents) allowance for business miles that you drove.
That is the mileage rate for 2012.
It changes every year and sometimes it will change mid year at the end of June - beginning of July.
See how the mileage rate change in 2011 worked out.