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Mileage Log Sample

May 31, 2023 Welcome to MileageWise! We're here to help you keep track of your vehicle expenses in the most efficient and accurate way. To help you better understand how our system works, we've prepared two mileage log samples that showcase both the standard mileage rate and the actual expense methods. These two samples illustrate…

Take the Stress Out of Tax Season with Medical Mileage Deduction

Are you ready to navigate the world of the IRS medical mileage reimbursement rate without getting a heart attack? Look no further because we've got you covered. In this article, we'll be taking a closer look at the medical mileage deduction and sharing some tips on how to make the most of it. What is…

Simplify Your Tracking for Deductions: Charity Mileage Rates & Tips

Unleash Your Generosity: A Guide to the Charity Mileage Rate and Deduction Are you a generous soul who loves to give to charity? For those of you who have a giving spirit and regularly donate your time and resources to charitable causes, the term charitable mileage rate for 2023 is likely something we're familiar with.…

Can I Switch From Actual Expenses to Standard Mileage?

Last updated: April 26, 2023 Using a car for business generates a significant amount of expenses for those who drive their vehicle to create revenue, leaving many wondering how to deduct mileage on taxes. The Internal Revenue Service (IRS) offers 2 ways to calculate how much you can deduct from those expenditures each tax year…

IRS Increases Business Mileage Rate

June 10, 2022 The IRS has just announced a mid-year business mileage rate adjustment for the final 6 months of 2022. The new federal business mileage rate will be 62.5 cents per mile, which is a 4-cent increase from the rate of 58.5 cents that will be in force until June 31, 2022. Why is…