💰 2025 Tax Savings Calculator
IRS Rate: $0.70/mile
Monthly Miles
Annual Miles
Business Miles Per Month
Your Tax Bracket
10% - Income up to $11,600
12% - Income $11,601 to $47,150
22% - Income $47,151 to $100,525
24% - Income $100,526 to $191,950
32% - Income $191,951 to $243,725
35% - Income $243,726 to $609,350
37% - Income over $609,350
Your Annual Tax Deduction
$10,080
14,400
miles × $0.70 =
$10,080
WITHOUT TRACKING
$0
Missed deductions
WITH MAGICA
$2,218
Tax savings
Save
$2,218
on your taxes!
💡
Pro Tip:
The average driver misses 25% of their business miles with manual tracking. Automatic tracking ensures you capture every deductible mile, maximizing your tax savings.