MileageWise BlogIRS / Self-employed Taxes

What is an Audit (IRS Audit)?

Table of Contents IRS Audit: What You Need to KnowAn IRS audit is simply when the IRS looks closely at your tax return to make sure everything is correct. It’s a review or check of your financial information. They want to see if you followed the tax rules and reported the right amount of income and deductions.Understanding Different Types…

1099 Tax Calculator: Easily Calculate Self-Employment Taxes

Self-Employed Tax HubLast Updated: July 17, 2026 Are you a freelancer or an independent contractor? Do you get paid with a 1099 form? Then you need a 1099 tax calculator! This tool helps you figure out how much tax you owe. It saves you time and helps you avoid surprises from the IRS. Read on to…

Are Tolls Tax Deductible? What You Need to Know

Last Updated: December 8, 2025If you regularly pay tolls for work-related travel, you may be wondering: Are tolls tax-deductible? The short answer is yes, but only under specific conditions. Understanding when and how to claim toll fees can help you maximize deductions and reduce taxable income. In this guide, we’ll cover when tolls are deductible, who can…

You Might Be Overpaying in Taxes: Guide to Stop Losing Money

Last Updated: December 9, 2025Every year, millions of taxpayers unknowingly pay more than they owe. Are you one of them? Overpaying taxes happens when you miscalculate the taxes you owe or if you overlook key tax breaks and deductions. One of the biggest mistakes people make is not tracking their mileage properly, which means leaving hundreds…

10+1 Best Small Business Tax Tips

Last Updated: December 5, 2025Taxes can be overwhelming for small business owners, but smart planning can save you thousands. Whether you’re a freelancer, LLC owner, or running a side hustle, understanding small business tax tips can help you maximize deductions, reduce taxable income, and stay compliant with the IRS.In this guide, you’ll find practical tax-saving strategies,…