The business mileage deduction is important in reducing a company’s tax bill. Business mileage is when you travel with your personal vehicle for business, medical, charity, or moving purposes. In any of these cases, you will be reimbursed by your employer according to the miles traveled.
Mileage tracking is very important to freelancers, self-employed individuals as well as to many businesses. The IRS allows self-employed individuals to claim deductions for the mileage driven for the year during the course of business.