Mileage

You can use your mileage on taxes to lower your taxable income but only if you’re maintaining an accurate mileage log. Download MileIQ to start accurately tracking your miles » On this page, you’ll find tips for how to best maximize your miles for tax purposes. This includes knowing what drives you can write off, what the IRS is looking for in your records and other best practices well-suited for small business owners, self-employed workers and freelancers. I Want To Track My Miles »

Do Business Calls Make Commuting Deductible?

Do Business Calls Make Commuting Deductible?

In this Ask The Tax Expert, we tackle a common question: Can I deduct drives if I make business calls during them? Let's dive into this. ...Read more

Do I Have to Keep Weekly Mileage Logs?

Do I Have to Keep Weekly Mileage Logs?

The mileage deduction can be extremely valuable. But, how often does the IRS require you to keep mileage logs? Let's dive into if you need weekly mileage logs. ...Read more

A Day Driving with MileIQ Mileage Tracking App

A Day Driving with MileIQ Mileage Tracking App

I recently had the opportunity to travel around the beautiful Northern California Bay Area to try out MileIQ and track my reimbursable business miles as a part-time blogger. Here's my story. ...Read more

Ask the Tax Expert: What is the Maximum Business Mileage Deduction?

Ask the Tax Expert: What is the Maximum Business Mileage Deduction?

Q: As a self-employed professional, I do a lot of driving and consequently rack up a lot of business mileage. This year my mileage deduction will be well over $7,000. A friend told me that a maximum ...Read more

A Tax Audit Reveals Not Keeping a Proper Mileage Log Has Its Penalties

A Tax Audit Reveals Not Keeping a Proper Mileage Log Has Its Penalties

If you claim the mileage deduction on your tax return, you need to be able to back it up with an adequate mileage log in the event of an IRS tax audit. Failure to do so could prove costly. Alvaro ...Read more

How Employees Can Claim a Mileage Deduction

How Employees Can Claim a Mileage Deduction

In this installment of Ask The Tax Expert, we go over when an employee can claim a mileage deduction when on the job. ...Read more

How Do Lyft Drivers Pay Taxes? Tax Tips for Rideshare Drivers

How Do Lyft Drivers Pay Taxes? Tax Tips for Rideshare Drivers

Being a Lyft driver is a nice way to earn some money but be sure you know about your tax liability and deductions. Let's go over a Lyft driver taxes, so you'll be ready come tax time. Keep in mind, ...Read more