Last updated: October 17, 2024 If you use your personal vehicle for business purposes, the IRS allows you to deduct a portion of the expenses incurred as a tax write-off. To claim these deductions, you must keep a detailed record of all business-related miles driven, known as a mileage log. Keeping an accurate mileage log ensures you can maximize your deductions while complying with IRS mileage log requirements. In this article, we will guide you through the IRS mileage tracking requirements, explain the importance of maintaining mileage documentation, and answer

Introduction If you drive a car for business, you could be eligible to claim the expenses on your federal income tax return. Therefore, whether you’re a mobile financial planner who travels to clients all over the place or a DoorDash driver who delivers meals, you may write off the miles you rack up while operating a vehicle for work. In this article, we’ve collected the most essential factors and questions that come up during mileage logging for taxes. Let’s start with the basics: How does IRS mileage deduction work? Small