How to Keep Track of Mileage for Taxes | Quick Guide for 2024
Keeping an accurate mileage log for taxes is key for businesses and self-employed folks. It helps them get the most tax deductions and follow IRS rules. A detailed log can cut down your taxable income and help with budgeting and insurance. The IRS needs proof of business mileage to deduct it. There are many tools to help you keep track of mileage for taxes, from simple logs to smart apps. With the IRS’s mileage deduction rate at $0.67 per mile, you can save a lot. For instance, if you properly track 10,000 business