Tags: Mileage Deduction

Taking a Mileage Deduction After Reimbursement

Taking a Mileage Deduction After Reimbursement

The mileage deduction can be relatively straight forward but there are always interesting wrinkles that pop up. I’m often asked about the eligibility of taking a mileage deduction after ...Read more

The Ultimate Guide to Mileage Deduction

The Ultimate Guide to Mileage Deduction

Driving deductions are a valuable way to significantly lower your taxable income. This is especially true if you're self-employed. Yet, there are guidelines to follow unless you want to be staring ...Read more

Mileage Monday: Meet Jay Scales of Area 61 Records

Mileage Monday: Meet Jay Scales of Area 61 Records

For Mileage Monday, we're happy to spotlight the amazing work MileIQ users do every day. If you'd like to recommend someone, please let us know on Twitter @MileIQ. We're thrilled to speak with Jay ...Read more

Can I Use Standard Mileage Rate and Actual Expenses?

Can I Use Standard Mileage Rate and Actual Expenses?

The standard mileage rate for 2016 went down substantially from the previous year (54 cents per mile vs. 57.5 cents in 2015), so many of you may be thinking about using the actual expense method for ...Read more

How To Safely Track Mileage for Work

How To Safely Track Mileage for Work

If you’re planning to take a mileage deduction, tracking mileage for work must become a part of your routine. It’s easy to fall into the trap of jotting something down while in traffic or ...Read more

Mileage Deduction Rules: Calculating Miles For Taxes

Mileage Deduction Rules: Calculating Miles For Taxes

The mileage deduction is a great way to save on your tax bill. But there are some misconceptions about this valuable deduction. Let's go over the mileage deduction rules, as well as some facts and ...Read more

IRS Announces Mileage Rate for 2016

IRS Announces Mileage Rate for 2016

The IRS has announced the standard mileage rate for 2016. The mileage rate 2016 for business driving will be 54 cents per mile. This is down from 57.5 cents per mile in 2015. ...Read more