Last updated: April 26, 2023 Using a car for business generates a significant amount of expenses for those who drive their vehicle to create revenue, leaving many wondering how to deduct mileage on taxes. The Internal Revenue Service (IRS) offers 2 ways to calculate how much you can deduct from those expenditures each tax year…
Oct 25, 2021 In today’s world, it’s crucial that you take good care of your business and have savings. Brent’s got a brand new video about how a MileageWise user invested $360 in his Mileage Log, using our Gold package, and could claim $12,000 for Mileage Tax Deduction. It raises a few eyebrows for sure,…
May 31, 2021 A recent article in Forbes summarized a lot of our thoughts on IRS Audits. We would like to take the chance and publish it without amendments. According to the Internal Revenue Service (IRS), about 850,000 tax returns were audited for 2015, which was the most recent year for which it’s published data. That…
April 22, 2021 Under President Joe Biden’s new proposed tax plan tax rates for individuals whose income is $400,000 and higher would increase while corporations would also be subject to a new minimum tax on book income. The Social Security tax would be extended to higher income levels and the estate tax exemption would be…
March 18, 2021 In our experience the following types are common among Taxpayers: Taxpayers who do not have Mileage logs despite the fact that they have claimed Business Mileage Deduction on their taxes in the previous tax years; Taxpayers who only recorded their Business miles but not their Personal ones; And Taxpayers who thought that…
21431Customers 
28443Cars 
0Tax penalties 
210Their monthly saved minutes