MileageWise Blogtax

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…

The Benefits of Using a Real Mileage Log Generator

Last updated on: March 13, 2024If 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…

Case Study #3: Incorrectly tracked miles

May 27, 2020 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 to show how much easier it is to claim a tax deduction by keeping and/or…

Case Study #2: False recollection of personal miles

May 19, 2020 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 to show how much easier it is to claim a tax deduction by keeping and/or…