Record Your 2016 Starting Odometer Readings
As we head into 2016, it’s important to record your 2015 ending odometer readings and 2016 starting odometer readings since the IRS requires if you’re going to take a mileage deduction. Of course, this should be the same number.
The easiest way to do this with MileIQ is by using the “Vehicles” feature. Before you take your first drive of 2016, open MileIQ, tap the menu icon and select “Personalization.” From there, tap “Vehicles” and tap the name of your vehicle. Once you’re in your individual vehicle settings, you’ll see a place to add your 2016 starting odometer readings. Easy as pie.
As a reminder, the IRS doesn’t require odometer readings for each trip you make throughout the year, but they do require your mileage log to have both your starting and ending odometer readings each year, so be sure not to skip this step!