MileageWise BlogTips, tricks, information about mileage logging straight from the CEO

IRS Standard Mileage Rate for 2021

January 6, 2021 The Internal Revenue Service (IRS) has announced the 2021 Business Mileage Standard Rate of 56 cents, down 1.5 cents from the rate for 2020. This applies to miles driven starting January 1, 2021. For Medical purposes, the Standard Mileage rate is 16 cents per mile driven. The same applies for Moving purposes…

Claim your Past Tax Returns for Mileage in 2021

November 9, 2020 Did you know that you have 3 years to file a tax return and claim your refund? For example, the deadline to claim a 2017 tax refund is April 21, 2021. A tax refund always comes in handy but especially now, during these hard times! One of the most productive ways of…

About your odometer and your $12,000 tax deduction

October 11, 2020 An odometer or odograph is an instrument used for measuring the distance traveled by a vehicle, such as a motorcycle or a car. The device may be electronic, mechanical, or a combination of the two (electromechanical). Most odometers work by counting wheel rotations. It assumes that the distance traveled is the number…

Mileage Log 2021: The next generation mileage log generator

September 27, 2020 When the IRS knocks on our door, or we realize that we forgot to keep contemporaneous mileage records for the year but now, at the end of the tax year, we would very much like to claim the deduction that comes after business mileage, the first thing we do is type mileage…