MileageWise BlogTips, tricks, information about mileage logging straight from the CEO

Understanding US Marginal Tax Rates 2025

Did you know your next dollar could be taxed at a completely different rate? Knowing about US marginal tax rates is key to saving money. The IRS has updated the tax brackets for 2025, which could greatly affect your income. Are you in the right bracket and know how to use this info to your…

4 Reasons Why Small Businesses Fail And How To Avoid Them

Why do so many small businesses fail? The truth is sobering: 50% of small businesses don’t make it past their fifth year. From cash flow issues to poor customer understanding, many pitfalls can derail even the most passionate entrepreneurs. But failure isn’t inevitable. By identifying the key reasons businesses struggle and addressing them head-on, you…

Why You Need a Mileage Recorder in 2025

In a world where efficiency drives success and every cent matters, having a reliable mileage recorder can make all the difference. Whether you’re a business owner managing a fleet or a professional on the move, tracking mileage accurately can transform how you handle expenses, maximize tax deductions, and optimize operations. But how do you choose…

How To Claim Mileage On Your Taxes: Tax Deduction Step-by-Step

Are you self-employed, a business owner, or use your car for work? You might wonder how to claim mileage on your taxes. With the IRS mileage rate for 2024 at 67 cents per mile. By proper tracking and claiming your mileage can save you a lot on taxes. Find out the best practices in this…

The IRS has Announced the Standard Mileage Rates for 2025

Last updated: December 20, 2024  Curious about how much you can deduct for driving in 2025? Staying updated on the IRS standard mileage rates is vital for maximizing deductions and staying compliant. This guide will show you the new rates and how you can prepare to maximize your tax deductions. Read on to stay ahead!…