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How much does IRS allow for mileage please? anyone?

March 20, 2012 06:28PM
I just did 77 miles yesterday for 2 $15.00 shops, and paid $3.90 per gallon of gas.

I'm wondering if anyone knows how much IRS allows per mile?

Thanks in advance.

S.
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More About Mystery Shopping Taxes
March 20, 2012 06:47PM
.55 cents per mile
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March 20, 2012 06:53PM
If you are doing 2011 taxes, it was 51 cents per mile from 1/1/11 to 6/30/11 on 7/1/11 it went up to 55.5 cents per mile. For the first half of 2012 it is still at the 55.5 cents per mile level but if gas prices stay high or go higher, it may go still higher on 7/1/2012.
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March 20, 2012 08:45PM
shoppinalong: Unless you had some personal business to drive that 77 miles, you did not make much money on that trip. Although, IRS allows you 55.5 cents/mile you also spend about 20-25 cents/mile on gas+wear and tear on your car. Also, it must have taken you about 1.5 - 2 hr to drive + 0.5 hr in the shops + 0.5 hr on reports.

Edited 1 time(s). Last edit at 03/20/2012 08:48PM by anakin.
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March 22, 2012 04:12AM
Well you're right about the driving time and the time in the shop, but
Yikes! you only spend a 1/2 hour on the reports - egads - it's taking me more than an hour on one report !
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March 22, 2012 06:27AM
shoppinalong Wrote:
-------------------------------------------------------
> I just did 77 miles yesterday for 2 $15.00 shops,
> and paid $3.90 per gallon of gas.
>
> I'm wondering if anyone knows how much IRS allows
> per mile?
>
> Thanks in advance.
>
> S.
I HAVE BEEN SELF-EMPLOYED, 1099 FOR 27 YRS. I FIGURE I USE MY CAR 70% FOR BUSINESS AND DEDUCT 70% OF ALL CAR EXPENSES - INS,MAINT. GAS.
SUSAN
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March 22, 2012 03:00PM
Shoppingalong: I did not know what kind of shops you did. Some of the shops do require only 15 mins.

Anyway: My general rule of thumb is more than $1/mile for shops. I just accepted and then declined the shop after seeing their form. For $10 they wanted a Ph. D. dissertation type report.
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March 22, 2012 08:12PM
anakin Wrote:
-------------------------------------------------------
> Shoppingalong: I did not know what kind of shops
> you did. Some of the shops do require only 15
> mins.
>
> Anyway: My general rule of thumb is more than
> $1/mile for shops. I just accepted and then
> declined the shop after seeing their form. For
> $10 they wanted a Ph. D. dissertation type report.

Thanks Anakin (and Flash) Interesting to figure $1 per mile - good way to figure out whether you're losing or making money - but I'm really not counting the time I put in on the reports - that's my fault because I'm a newbie and being very careful to try to get the details right - as I said before I read everything and then probably read what I've written a second and third time to add or change detail. My bad :-) see I just did it again and edited grinning smiley

Edited 1 time(s). Last edit at 03/22/2012 08:14PM by shoppinalong.
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