Last updated: December 20, 2024 Curious about how much you can deduct for driving in 2025? Staying updated on the IRS standard mileage rates is vital for maximizing deductions and staying compliant. This guide will show you the new rates and how you can prepare to maximize your tax deductions. Read on to stay ahead!…
For business owners and freelancers, tracking mileage is an essential task that can significantly impact tax deductions and reimbursements. However, many find it tedious and time-consuming. In this article, we will explore an easy way to track mileage for business, ensuring you maximize your deductions while minimizing your effort.Why Tracking Mileage is ImportantBefore diving into the…
As a DoorDash driver, tracking your mileage is crucial for maximizing your earnings and minimizing your tax liabilities. With the right mileage tracker, you can easily log your driving miles and ensure that you're capturing every deductible mile. But with so many options available, what is the best mileage tracker for DoorDash? In this article, we will explore…
As a sole proprietor, understanding what you can and cannot deduct on your taxes is crucial for effective financial management. One common question that arises is: can sole proprietors deduct medical expenses? This article will explore the eligibility, limitations, and the process you need to follow to maximize your deductions.Level Up Your Mileage TrackingMileageWise: Tracks trips automatically via…
The wait is over! Watch the video below to see the draw that selected the lucky winner of a $100 Amazon gift card in MileageWise’s Christmas Raffle: https://www.mileagewise.com/wp-content/uploads/2024/12/mw-christmas.mp4 Thank you to everyone who sent in their reviews - your support keeps us going! It’s inspiring to see how vibrant and engaged our MileageWise community is.While this…