How to track mileage for work and personal use? This is a question that we hear often from freelancers who are not that great at being organized.
It seems like a simple task – open the app and enter your start and end location and miles driven.
But what if you want to keep a simple mileage log for a business trip? Or multiple jobs? Or different vehicles?
You might decide to try something new – a mileage log app can help.
Who Has to Track Mileage and Why?
Mileage tracking is important for a number of reasons.
Save money on your taxes. If you use your vehicle for business purposes, you may be able to deduct the cost of your business mileage from your taxes.
Keep track of the wear and tear on your vehicle. A mileage logbook app can be important for both financial and safety reasons. If you know how much you’re driving, you can better estimate when you’ll need to get your vehicle serviced or replaced.
Get a better understanding of your driving habits. This can be helpful for both personal and environmental reasons. If you’re trying to cut down on your driving, tracking your mileage can be a good way to see how you’re doing.
If your job requires you to use your personal vehicle for business purposes, you may be eligible for a vehicle mileage reimbursement. This reimbursement can help offset the cost of gas and wear and tear on your vehicle.
To be eligible, you must maintain an IRS-approved mileage log and submit a request to your employer. If approved, you will be reimbursed at the standard IRS mileage rate.
Tracking Mileage for Taxes: The Technical Side
If you’re a small business owner or self-employed, you probably know that you can deduct your business-related mileage from your taxes. But how do you keep track of all that mileage? There are a few different ways to do it.
One option is to simply keep a running tally in your head, or in a notebook that you keep in your car. This can be a bit tricky, though, and it’s easy to forget to write things down or to miscalculate a mileage log for IRS.
Another option is to use a mileage tracker app on your phone. There are a ton of these apps available, and they can be a great way to keep track of your mileage without having to remember to do it yourself. Plus, many of them will automatically track your route and add up your total miles for you.
Finally, you can use a spreadsheet for tracking mileage for taxes. This can be a good option when you’re already using Excel for other things or you want to be able to generate detailed reports. You can even find templates online that will do most of the work for you.
The Most Important Features of a Mileage Tracker App
Mileage tracker apps are becoming increasingly popular as people look for ways to save money on gas.
There are a number of different features that these apps offer, but some of the most important ones include the ability to maintain an IRS mileage log, see where you’ve been, and set goals.
Mileage tracking is the core feature of these apps, and it can be very helpful in seeing how much you’re spending on gas.
These apps also allow you to set goals, such as saving a certain amount of money on gas or driving a certain number of miles per week.
Forgot to Track Your Mileage? You can Backtrack it with MileageWise)
Forgetting to track mileage is not a worry any longer – just backtrack it with MileageWise. This handy tool lets you input your starting and ending odometer readings, and then calculates your total mileage for the trip.
You can even add in any stops or detours, and MileageWise will adjust your total accordingly.
VIP Mileage Log Preparation Service
MileageWise is an all-in-one VIP mileage log preparation service to help you prepare your mileage logs and simplify the process of keeping track of your miles.
With the software, you can track your company and personal mileage in one place, so you’ll never lose track of the miles you’ve driven.
Remember to keep track of your miles with a mileage log for taxes, because it’s definitely worth it!