November 9, 2020
Did you know that you have 3 years to file a tax return and claim your refund?
For example, the deadline to claim a 2017 tax refund is April 21, 2021. A tax refund always comes in handy but especially now, during these hard times!
One of the most productive ways of using your sudden free time is to sort out your finances and create order from the chaos. Now is the time to organize your receipts and bills, to collect all the information you have, and file for past tax returns.
What does this mean in Numbers?
For Tax Year 2016, as of July 1, 2020, the unclaimed IRS income tax refunds amount was more than $1.5 billion. That is an estimated 1.4 million taxpayers who did not file a 2016 Federal Income Tax Return as of July 1, 2020.
What can you deduct?
You can deduct a few things:
- Student loan interest,
- Tuition and fees,
- American Opportunity tax credit,
- Educator expenses,
- Moving expenses for members of the military,
- Travel expenses for military reserve members,
- And Business expenses.
Claim a tax return on your past business mileage with MileageWise!
An average of $ 12,000 can always come in handy. That’s the amount you can claim back with the MileageWise Mileage Tracker and Web Dashboard.
If you have no clue of your trips in your mileage log, MileageWise will dig them out for you! If you have mileage logs by other trackers that have missing mileage, MileageWise can fix them.
You can also create mileage logs from scratch to support your past mileage claims in just 7 minutes. The AdWise feature will give you an IRS-proof recommendation for your past, lost, or possible trips.
Before finalization the Built-In IRS Auditor will check and correct 70 logical conflicts in your mileage logs, to ensure that they are 100% IRS-Proof, meeting all expectations!
Don’t leave money on the table. Claim all of the business miles today for deduction or mileage reimbursement while protecting yourself from IRS Audits!
On a tight deadline?
Outsource the task of keeping your mileage log to us!
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