|by Roger Chartier
2017 Medical Mileage Deduction
Each year the medical mileage allowance, as the IRS likes to call it, changes.
People are eager to know how the tax situation is going to go for them.
Most people have paid for the car and drive a lot of miles on business, but the medical mileage is a less often used deduction.
For those to whom it applies, it is a saving grace to cover the cost of the fuel to get there and a little bit more.
On the business mileage page, we discussed the advantage of using mileage as a deduction form rather than real costs. For most of us using business miles adding the medical miles in is a bonus.
The medical miles trip
Might be 50 miles each way once a week. That adds up to a 100 mile round trip weekly.
If you have the 19 cent deduction, then you will be getting $19.00 for the trip as an allowance on your tax return.
I'll end up using use a bit less than $10.50 to pay for gas but collect a deduction of $19.00 for the trip.
So the thing here is
That $19.00 - $10.50= $8.50 and that remainder is all for me.
The amount for medical mileage deduction isn't much but actually covers the cost for gas for most of us, and that is good.
Don't for get to use the free to print out mileage log on this site to keep track of your miles.