Last updated: February 20, 2025 When it comes to staying on top of your tax returns as a self-employed person or a small business owner, keeping adequate records of your mileage is paramount. Stock advisors and accountants know that advising their clients about how to follow IRS mileage log requirements is a crucial component of this. On this page, we delve into the various ways you can create and keep mileage records for tax, odometer readings, and more. It’s also important to keep in mind that the IRS may change

Last updated: November 22, 2024 Did you know that American taxpayers fell short of $1 billion in refunds because they didn’t file their tax returns for the year 2020? If you drive a car for a business purpose, there’s a good chance you are eligible for a mileage tax deduction on your federal income tax return, up to 3 years in retrospect. This guide will help you understand how to log miles for taxes efficiently and maximize your 1099 deductions. We promise to provide clear, actionable tips to simplify mileage

Last updated on: March 13, 2024 If you are a business owner or contractor, maintaining accurate business mileage records is crucial for maximizing tax deductions and staying compliant with IRS regulations. However, the process can be time-consuming and fraught with potential errors. Has it ever happened to you that you’ve forgotten to keep mileage records, but at the end of the tax year you’d like to claim the mileage deduction that comes after business mileage?  The first thing you might have done is to type “mileage log generator” or “mileage