Glossary

AJAX progress indicator
  • Actual Expense MethodThe deduction of actual vehicle expenses, including depreciation, licenses, tires, garage rent, gas, oil, towing, insurance, vehicle registration fees, lease payments and fees, and repairs.
  • AdWiseMileageWise's AI-powered function that recommends realistic trips based on your driving habits to fill in the missing gaps in your mileage log for an IRS-proof result.
  • Business expensesThe IRS defines business expenses as ordinary and necessary costs incurred to operate your business.
  • Business mileageMiles covered for business-related purposes. (deductible!)
  • Car allowanceA sum of money that an employer offers a worker who needs to utilize a vehicle for work purposes.
  • Charity mileage rateThe deductible cents per mile driven for charitable purposes provided by the IRS.
  • Concierge ServiceMileageWise's premium service where our mileage log experts take on the task of creating your mileage logs for you.
  • Drivers' logbookA truck driver's paper record that lists the time spent on duty, behind the wheel, and in a sleeping berth.
  • Excel mileage logA mileage log in the form of an Excel spreadsheet.
  • IRS AuditAn IRS audit is a review/examination of a company's or person's financial records to make sure the data is reported accurately in accordance with the tax regulations and to confirm the stated tax amount is accurate.
  • Medical mileage rateThe deductible cents per mile driven for medical purposes provided by the IRS.
  • Mileage calculatorCalculates the driving distance between two locations.
  • Mileage deductionA type of tax deduction to include on your IRS tax return. It's intended to cover all your costs associated with using your car for work-related objectives.
  • Mileage logA record of the miles driven in a vehicle used for business that is used to support deductions for vehicle usage. You can use a mileage log to request mileage reimbursement or a tax deduction.
  • Mileage reimbursementWhen businesses compensate workers for driving-related expenses, which include fuel costs, maintenance, and vehicle depreciation.
  • Mileage trackerA tool, usually in the form of a software/application used for tracking miles driven.
  • Mileage tracker appA mobile application used for manually or automatically tracking your miles driven.
  • Moving mileage rateThe deductible cents per mile driven for moving purposes provided by the IRS.
  • Per diem allowanceFunds provided to employees in order to cover their travel-related accommodation, food, and incidental costs.
  • Personal mileageMiles covered for personal purposes. (non-deductible!)
  • Retrospective mileage logA mileage log created from a prior period.
  • Standard Mileage RateThe standard mileage rate is the cost per mile that the Internal Revenue Service (IRS) sets for those who claim the use of a vehicle as a deductible expense.