How do I figure the depreciation equivalent amount?
If you used the standard mileage rate for the business use of your vehicle, depreciation was included in that rate. The amount of depreciation that was allowed in the standard mileage rate is the depreciation equivalent.
You figure the depreciation equivalent by multiplying the number of business miles for your vehicle by the standard mileage rate for that year. You do this for each year where you used the standard mileage deduction.
For example: If in a certain year you had 1,000 business miles and the standard mileage rate was $0.25, then the depreciation equivalent amount would be: 1,000 X $0.25 = $250. You would do this calculation for each year you took the standard mileage rate for the vehicle and total the amounts. You would use the business miles and mileage rate for the corresponding year.
If your total depreciation equivalent is more than the cost of your vehicle, enter the cost of your vehicle.
The following table lists the standard mileage rates for each year:
These rates don't apply for any year you used the actual expenses method.
For tax years after 1989, the depreciation rates apply to all business miles. For tax years before 1990, the depreciation rates apply to the first 15,000 miles.
You figure the depreciation equivalent by multiplying the number of business miles for your vehicle by the standard mileage rate for that year. You do this for each year where you used the standard mileage deduction.
For example: If in a certain year you had 1,000 business miles and the standard mileage rate was $0.25, then the depreciation equivalent amount would be: 1,000 X $0.25 = $250. You would do this calculation for each year you took the standard mileage rate for the vehicle and total the amounts. You would use the business miles and mileage rate for the corresponding year.
If your total depreciation equivalent is more than the cost of your vehicle, enter the cost of your vehicle.
The following table lists the standard mileage rates for each year:
| Year | Standard Mileage Rate ($) |
| 2025 | 0.33 |
| 2024 | 0.30 |
| 2023 | 0.28 |
| 2021-2022 | 0.26 |
| 2020 | 0.27 |
| 2019 | 0.26 |
| 2017 - 2018 | 0.25 |
| 2015 - 2016 | 0.24 |
| 2014 | 0.22 |
| 2012 - 2013 | 0.23 |
| 2011 | 0.22 |
| 2010 | 0.23 |
| 2008 - 2009 | 0.21 |
| 2007 | 0.19 |
| 2005 - 2006 | 0.17 |
| 2003 - 2004 | 0.16 |
| 2001 - 2002 | 0.15 |
| 2000 | 0.14 |
| 1994 - 1999 | 0.12 |
| 1992 - 1993 | 0.115 |
| 1989 - 1991 | 0.11 |
| 1988 | 0.105 |
| 1987 | 0.10 |
| 1986 | 0.09 |
| 1983 - 1985 | 0.08 |
| 1982 | 0.075 |
| 1980 - 1981 | 0.07 |
These rates don't apply for any year you used the actual expenses method.
For tax years after 1989, the depreciation rates apply to all business miles. For tax years before 1990, the depreciation rates apply to the first 15,000 miles.
