Last updated: November 22, 2024 Did you know that American taxpayers fell short of $1 billion in refunds because they didn’t file their tax returns for the year 2020? If you drive a car for a business purpose, there’s a good chance you are eligible for a mileage tax deduction on your federal income tax return, up to 3 years in retrospect. This guide will help you understand how to log miles for taxes efficiently and maximize your 1099 deductions. We promise to provide clear, actionable tips to simplify mileage

Last updated on: October 18, 2023 A great number of companies have decided that the safest thing to do during a pandemic is to send their employees home, to work from there. Remote working has its pros and cons, but one thing is for sure when it comes to mileage: it greatly reduces commuting miles, which is rarely deductible anyway. In addition, driving from your home directly to a business client will be a business trip in your mileage log. By switching to complete home office mode or following a

Last updated: May 28, 2024 In today’s fast-paced business environment, keeping accurate mileage logs is crucial for businesses and self-employed individuals alike. These logs are essential for tax deductions, reimbursements, and regulatory compliance. Traditional mileage logging methods, however, often present significant challenges such as manual entry errors and time-consuming processes. Even with the advent of mileage logging apps, many of these challenges persist, leaving room for improvement. Enter artificial intelligence (AI), a transformative technology that offers innovative solutions to these longstanding problems.  This article delves into how AI can streamline