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The Ultimate Guide to Expensing Mileage in 2024

November 27, 2023  Whether you're a freelancer, a small business owner, or an employee who frequently travels for work, understanding the ins and outs of expensing mileage is crucial. This guide is tailored for anyone who needs clarity on mileage allowance, reimbursement for mileage, and how to efficiently track and claim these expenses. The Significance…

Maximizing Your Tax Savings: How to Claim Mileage Effectively

July 3, 2023 Greetings, highway heroes! Have you ever daydreamed about those mundane miles magically morphing into moolah? Well, rub that proverbial lamp because your genie is about to make an appearance. Buckle up as we decode the magic mantra that could save you a hefty sum - the art and science of how to…

Zoom, Zoom, Zoom: Navigating the 1099 Mileage Deduction

Last updated: April 12, 2024Hop in, folks! It's time to hit the road of tax deductions. We're cruising at 67 cents per mile this year, so buckle up and let's take a joy ride through the ins and outs of the 1099 mileage deduction.A Gas Tank Half Full or Half Empty? Understanding the 1099 Mileage…

Leveraging the Standard Mileage Deduction for Your Business

Last updated on October 18, 2023  So, you, as small business owners, freelancers, and gig workers, have been clocking up miles relentlessly for your entrepreneurial ventures, side hustles, or freelance missions. It's high time that hard work paid off, wouldn't you agree? What if we told you there's a financial gem hidden in those miles,…

Google helps with your mileage log

Last updated: April 11, 2024 Nobody likes getting letters from the IRS, period. If you do receive one, however, you’d better act as quickly as possible in order to avoid an IRS fine, which is sometimes an enormous amount.Mileage logging is no exception: if you had claimed a business mileage tax deduction that the IRS…