MileageWise Bloglaw

IRS Standard Mileage Rate for 2021

January 6, 2021 The Internal Revenue Service (IRS) has announced the 2021 Business Mileage Standard Rate of 56 cents, down 1.5 cents from the rate for 2020. This applies to miles driven starting January 1, 2021. For Medical purposes, the Standard Mileage rate is 16 cents per mile driven. The same applies to Moving purposes…

Claim your Past Tax Returns for Mileage in 2024

Last updated on: May 3, 2024Did you know that you have 3 years to file a tax return and claim your refund?For example, the official deadline to claim a 2020 tax refund was April 15, 2024. A tax refund always comes in handy but especially now, during these hard times!One of the most productive ways…

About your odometer and your $1,000s of tax deduction

October 11, 2020 An odometer or odograph is an instrument used for measuring the distance traveled by a vehicle, such as a motorcycle or a car. The device may be electronic, mechanical, or a combination of the two (electromechanical). Most odometers work by counting wheel rotations. It assumes that the distance traveled is the number…

TripLog vs MileIQ? MileageWise vs Hurdlr? See For Yourself

Last updated on: January 18, 2022See why Wise people choose MileageWise! MileageWise TripLog MileIQ Everlance Driversnote SherpaShare Hurdlr Excel User Ratings (Trustpilot) N/A N/A N/A N/A N/A iOS App User Ratings Android App User Ratings Average Possible Business Mileage Deduction $12,000 $6,300 $6,500 $6,500 $6,000 $5,600 $5,600 $200-$2,000 Imports Trips and locations from Google Timeline…

Case Study #5: The risks of credit card integrations

The goal of our new Case Study series is to educate our users about some common tax-related topics. We wanted to start with the not-so-fortunate cases so that we can move on to the good practices later. We would like to demonstrate through real cases how much easier it is to claim a tax deduction…