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IRS Increases Business Mileage Rate

June 10, 2022 The IRS has just announced a mid-year business mileage rate adjustment for the final 6 months of 2022. The new federal business mileage rate will be 62.5 cents per mile, which is a 4-cent increase from the rate of 58.5 cents that will be in force until June 31, 2022. Why is…

MileIQ: A Comprehensive Overview

June 3rd, 2022 MileIQ is one of the most downloaded mileage tracker apps you can find on the market. It gained most of its popularity via being a part of Microsoft’s 365 subscriptions. It has its pros and cons, we’ll go through them in this article. “Is it worth it to track my miles on…

Best Apps to Keep Track of Mileage

How to keep track of mileage for taxes This question keeps popping up among those who drive a vehicle for business trips and plan to file business mileage tax deductions to the IRS in order to write off their car-related business expenses after each tax year. It would be easier to start with “how not…

IRS Compliant Mileage Log

Last updated on: June 10, 2022 When it comes to staying on top of your tax returns as a self-employed person or a small business owner, keeping adequate records of your mileage is paramount. Stock advisors and accountants the world over know that advising their clients about how to follow the IRS’s requirements is a…

Gig Workers’ Mileage Log

May 4th, 2022 As the gig economy is expanding globally, the United States is no exception either. More than one-third of the population, about 59 million people are working in the gig business, looking to make money independently. Another interesting fact is that more than 90% of Americans would consider freelancing or independent contracting work.…