Understanding your vehicle’s odometer is crucial for tracking mileage, knowing your car’s value, and ensuring accurate legal and insurance records. In this odometer reading guide, we’ll explore what an odometer is, how it works, and why keeping an eye on it is so important for every vehicle owner. Try MileageWise for free for 14 days. No credit card required! Automatic mileage tracker app Dashboard LET’S GET STARTED Table of Contents What is an Odometer Reading? An odometer reading is the measurement of the total distance your vehicle has traveled since

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 of Mileage Expensing In today’s fast-paced business environment, travel is often a necessity. That’s where expensing mileage comes in. It’s not just about getting back the money spent on travel; it’s about recognizing the cost of business operations.

Last updated on April 19, 2024 Well, hello there, savvy business owner, freelancer, or gig worker! Ever felt like you’re shelling out too much on taxes? Have you ever gazed at your vehicle and thought, “Hey, can’t I get a tax break for all the miles I’ve clocked for work?” If so, you’ll want to know all about mileage tax deductions in 2024. Well, you’re in luck! This article is going to be your roadmap to understanding the mileage tax deduction. So buckle up and enjoy the ride! Mileage Tax

Last updated on: May, 2024 As a realtor, using your vehicle for business purposes uses up a huge amount of your miles. Regardless of whether you are driving a potential future homeowner to 5 different locations on a Sunday or going to get snacks for your open house, these trips will all be tax-deductible for you as you drive your car for business purposes. The key to your tax savings on business trips as a real estate agent will be mileage logs. What is Mileage Deduction? Mileage deduction is a