Tax Year 2025 · IRS rate: $0.70/mile · Horn Lake ↔ Senatobia = 28 mi one way
Important: Gas is already included in the $0.70/mile standard mileage rate — you cannot deduct gas separately. Keep a mileage log with dates, destinations, and business purpose for each trip as IRS documentation. Side job income is reported on Schedule C; you may also owe self-employment tax (~15.3%) on net profit. This calculator is an estimate — consult a tax professional for your final return.