Last updated on October 18, 2023  Let’s face it, folks: when it comes to filing taxes, we all wish we could magically skip the part where we tediously dig through records for every single mile we drove. Alas, the taxman cometh and a comprehensive mileage report are key for all you hardworking small business owners, freelancers, and gig workers out there. But fret not, dear reader, for I bring you good news in the form of a fantastic app that’ll make this onerous task a breeze. So buckle up and

Last updated on: October 24, 2023  If you’re a business owner or self-employed individual who uses your personal vehicle for work purposes, keeping an accurate record of your mileage is crucial. Not only can such current mileage management systems help you maximize your tax deductions, but they can also provide an added layer of protection in case of an audit. And while there are numerous cutting-edge distance reporting tools for keeping track of your miles, IRS publication 463 recommends keeping a contemporaneous mileage log. However, what happens if you didn’t

Last updated: January 15, 2025 Small business owners, gig workers who drive for work, employees whose jobs necessitate a car, real estate agents – what features do they share? Well, one thing they have in common is that they all must provide the Internal Revenue Service (or their employers) with IRS-proof mileage logs to claim mileage deductions. But what are the best and the most simple mileage log techniques? What are the requirements for a mileage log? These are just some of the questions we’re going to answer in this article. 

Last updated: September 15, 2023  Driving is an essential part of everyday work for millions of Americans. If you’re one of them, you might be eligible for a cost deduction on your federal income tax return. Gig workers, real estate agents, self-employed people, and small business owners are all able to deduct the miles they accrue while traveling for work. Members of the military and people who work for a charitable organization can also deduct a fixed amount for every mile they drive. There are 2 ways to calculate the

Last updated: February 20, 2025 When it comes to staying on top of your tax returns as a self-employed person or a small business owner, keeping adequate records of your mileage is paramount. Stock advisors and accountants know that advising their clients about how to follow IRS mileage log requirements is a crucial component of this. On this page, we delve into the various ways you can create and keep mileage records for tax, odometer readings, and more. It’s also important to keep in mind that the IRS may change