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cdixgofsu
New Member

Do i need to show receipts for fuel if i take the standard mileage deduction for tax year 2015?

 
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Do i need to show receipts for fuel if i take the standard mileage deduction for tax year 2015?

The idea of using the standard mileage rate is that you do not need to keep track of actual expenses, just need to keep an extemporaneous log of the mileage used for different purposes.

For 2015, the standard rates were 57.5 cents per mile for business miles driven, . 23 cents per mile driven for medical or moving purposes.

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2 Replies
Carl
Level 15

Do i need to show receipts for fuel if i take the standard mileage deduction for tax year 2015?

No.

Do i need to show receipts for fuel if i take the standard mileage deduction for tax year 2015?

The idea of using the standard mileage rate is that you do not need to keep track of actual expenses, just need to keep an extemporaneous log of the mileage used for different purposes.

For 2015, the standard rates were 57.5 cents per mile for business miles driven, . 23 cents per mile driven for medical or moving purposes.

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