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

Contemporaneous Mileage Log: Max Out Tax Savings

Last Updated: October 24, 2024If you're a business owner or self-employed individual who uses your personal vehicle for work purposes, keeping an accurate record of your mileage is crucial. Not only can such current mileage management systems help you maximize your tax deductions, but they can also provide an added layer of protection in case…

IRS Publication 463: Car-Related Business Expenses & Deductions

Last updated on October 18, 2023 IRS's Publication 463 describes what costs are deductible, how to include them on your tax return, what documents you need to show your expenses, and how to handle any refunds you could get for your expenses.In this article, we've collected the most essential information you need to know as somebody…

Mileage Tracker – The Ultimate Guide to Tracking Your Mileage

Last updated on April 17, 2024As our lives get more mobile, keeping track of mileage is more important than ever. Route planning and taking care of your business mileage for tax returns will help you save time, money, and stress.In this article, I’ll talk about the many reasons why you (whether you’re an employee, a…

Car Allowance: The Ultimate Guide

Last updated: January 16, 2025 Managing work-related travel expenses is a significant concern for many employees and employers alike. One common solution is the car allowance, a financial perk designed to cover the costs of using a personal vehicle for business purposes.But what exactly is a car allowance, and how does it work? This guide explores…

IRS Compliant Mileage Log Requirements: Definitive Guide 2025

Last updated: February 17, 2025If you use your personal vehicle for business purposes, the IRS allows you to deduct a portion of the expenses incurred as a tax write-off. To claim these deductions, you must keep a detailed record of all business-related miles driven, known as a mileage log. Keeping an accurate small business mileage…