MileageWise BlogIRS

Landlords, don’t miss out on these tax deductions

Last updated: April 26, 2023 Buying real estate is rarely a bad decision. If you purchase a house that requires minor repairs, you'll have an excellent return on your investment. You can renovate it and resell it or rent it out, creating continuous cash flow. But how about its tax purposes?   Few know and…

What does the gig economy have to do with mileage logging?

February 5, 2020 Imagine you're an ethical hacker. Or a designer working from home. An entertainer working on events as a Disney princess, face painter, a clown, or a mime artist. Or, you're an independent contractor working on several projects at the same time as a consultant. You can be a ride-share driver if you'd…

2020 IRS Business Mileage Rate

January 6, 2020 The Internal Revenue Service (IRS) has announced the 2020 business mileage standard rate of 57.5 cents. This applies to miles driven starting January 1, 2020. The reasons behind the decrease (as in 2019 the standard mileage rate was 58 cents) are the following: National average fuel prices have dropped. This resulted however in…

Useful mileage log tool for real estate agents

December 12, 2019 Working mobile or managing mobile workforces are more and more frequent in modern days. Whether you are a digital nomad, staying in different countries from month to month, or a real estate agent going to several different locations in just one day, there's something you should never forget to record. And that…