Schedules C and F - Standard Mileage Rate for Vehicles
1

For 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:

  • 53.5 cents per mile for business miles driven
  • 17 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

To claim the standard mileage rate instead of actual expenses on your business vehicle:

Schedule C Profit or Loss From a Sole Proprietorship:

  1. From within your TaxAct® return (Online or Desktop), click on the Federal tab. On smaller devices, click in the upper left-hand corner, then choose Federal.
  2. Click Business Income to expand the section and then click Business income or loss from a sole proprietorship
  3. Click Add to create a new copy of Schedule C or Review to review a form already created
  4. The program will proceed with the interview questions for you to enter or review the appropriate information
  5. Continue through the interview questions until you reach the screen titled Business Income - Expenses and click Yes
  6. Read through the information on the next screen and click Continue, on the screen Business Income - Vehicle Expenses click Yes
  7. On the screen titled Depreciation and Vehicle Expense - Asset Description, input your information and click Continue. You will then be asked to enter your vehicle mileage. To compute your business use percentage, divide the total miles driven during the tax year into either business miles, personal miles, or commuting miles.
  8. Click Continue, then indicate whether you Own or Lease your vehicle
  9. You will be asked to choose Standard or Actual. To choose the standard mileage rate, click Standard and proceed through the remaining questions.

Schedule F Profit or Loss from Farming:

  1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click in the upper left-hand corner, then choose Federal.
  2. Click Business Income to expand the section and then click Farming income or loss
  3. Click Add to create a new copy of Schedule F or Review to review a form already created
  4. The program will proceed with the interview questions for you to enter or review the appropriate information
  5. When you reach the screen titled Farm Income - Expenses choose Yes
  6. Read through the information on the next screen and click Continue, on the screen Farm Income - Vehicle Expenses click Yes
  7. On the screen titled Depreciation and Vehicle Expense - Asset Description, input your vehicle information and click Continue. You will then be asked to enter your vehicle mileage. To compute your business use percentage, divide the total miles driven during the tax year into either business miles, personal miles or commuting miles.
  8. Click Continue, then indicate whether you Own or Lease your vehicle
  9. You will be asked to choose Standard or Actual. To choose the standard mileage rate, click Standard and proceed through the remaining questions.