September 27, 2019
Here’s our solution:
According to Publication 463 of the Internal Revenue Service, if you deduct travel, gift, or transportation expenses, you must be able to prove (substantiate) certain elements of expense.
So you must keep a mileage log. Investing your time and energy into keeping said log will be beneficial for you later, you’ll see.
A $5,600 tax deduction for business travel and car expenses is just an average estimation. Depending on your car expenses, the number of vehicles you have, and the mileage you drive yearly for business, can add up to $10,000.
Are you worried it’s going to take too long? Only seven minutes a month of mileage logging doesn’t sound that bad, does it?
With MileageWise, mileage logging is child’s play.
But if you still don’t want to deal with it: outsource it to our experts, who would be happy to help by creating your recommended IRS-proof mileage log, which will meet every expectation!
Try MileageWise without obligation! The trial period is 14 days and completely free. No credit card needed.
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