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 »

Common Errors For Mileage Log Books: Avoid These Mistakes!

Common Errors For Mileage Log Books: Avoid These Mistakes!

There are many facts & myths about the mileage deduction. We've included a few mistakes people have made while using mileage log books below. ...Read more

What Is Mileage Tracking? Why Should You Do It for Taxes?

What Is Mileage Tracking? Why Should You Do It for Taxes?

One way to reduce your tax bill is to track your mileage. Let's go over what mileage tracking is and why you may want to start doing it. ...Read more

Deducting Mileage When You Stop At Home

Deducting Mileage When You Stop At Home

In this week's Ask the Tax Expert, a mystery shopper has questions about deducting mileage when you stop at home. In particular, she's curious about which drives related to your home can you write ...Read more

Is Car Loan Interest Tax Deductible?

Is Car Loan Interest Tax Deductible?

Most people who drive for business calculate their deduction using the standard mileage rate. In many cases, this deduction adds up to a significant amount and worth taking. But, don't forget about ...Read more

How to Calculate Mileage Reimbursement?

How to Calculate Mileage Reimbursement?

Updated: Jan. 2, 2019 If you're an employee who uses your personal car for business reasons, you may be eligible for a mileage reimbursement. Sometimes, it's not clear how to calculate mileage ...Read more

2016 Standard Mileage Rates For Business, Medical & Charity

2016 Standard Mileage Rates For Business, Medical & Charity

Updated: October 3, 2018 The Mileage Rate 2016 is important for anybody looking for a driving-related deduction. This is also often called the Standard Mileage Rate and is worth 54 cents per ...Read more

What Are the Standard Mileage Deduction Rates & Rules?

What Are the Standard Mileage Deduction Rates & Rules?

How to write off your business mileage ... Read more