MileageWise Blogdeduction

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…

Free MileageWise Live Demo for $1,000s of annual tax savings

Would you like a mileage log expert to guide you through the software of MileageWise? If so, the free MileageWise Live Demo is just for you! MileageWise Live Demo is a free video call during which we'll show you step-by-step how MileageWise works - this knowledge is worth several $1,000s in annual tax savings per…

How To Keep an IRS-Approved Mileage Log

Last updated: September 15, 2023  Driving is an essential part of everyday work for millions of Americans. If you’re one of them, you might be eligible for a cost deduction on your federal income tax return. Gig workers, real estate agents, self-employed people, and small business owners are all able to deduct the miles they…