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 »

IRS Standard Mileage Rates of 2019

IRS Standard Mileage Rates of 2019

The IRS standard mileage rates for 2019 are: 58 cents per business mile, which is up from 54.5 cents in 2018 20 cents per mile for medical or moving, which was previously 18 cents per mile ...Read more

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

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

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 an excellent 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 ...Read more

The Actual Expense Method Under The New Tax Law

The Actual Expense Method Under The New Tax Law

When you use your car for business there are two ways to calculate your deduction: using the standard mileage rate or the actual expense method. The standard mileage rate method has remained the same ...Read more

What Is the IRS Standard Mileage Rate for 2018?

What Is the IRS Standard Mileage Rate for 2018?

This article is about the 2018 mileage rates. Click the link to read about the 2019 mileage rates. The IRS mileage rate for 2018 is 54.5 cents for every business mile, up 1 cent from last year. ...Read more

Should You Buy or Lease Your Next Business Vehicle?

Should You Buy or Lease Your Next Business Vehicle?

When it comes to picking your next business vehicle, you can buy it or lease it. Read on to find out the benefits and drawbacks of buying vs. leasing a business car. ...Read more