Last updated on: January 3, 2023 Have you ever wondered what information the IRS is looking for when conducting an IRS Audit (e.g. for Mileage)? The IRS can track down your Business expenses and reconstruct your Daily Route from Parking fees, Tolls, or Vehicle inspection reports. Imagine that you are being Audited for Mileage by…
January 6, 2021 The Internal Revenue Service (IRS) has announced the 2021 Business Mileage Standard Rate of 56 cents, down 1.5 cents from the rate for 2020. This applies to miles driven starting January 1, 2021. For Medical purposes, the Standard Mileage rate is 16 cents per mile driven. The same applies to Moving purposes…
Last updated on: May 3, 2024Did you know that you have 3 years to file a tax return and claim your refund?For example, the official deadline to claim a 2020 tax refund was April 15, 2024. A tax refund always comes in handy but especially now, during these hard times!One of the most productive ways…
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…
Last updated on: May 24, 2024See why Wise people choose MileageWise! MileageWise TripLog MileIQ Everlance Driversnote SherpaShare Hurdlr Excel User Ratings (Trustpilot) N/A N/A N/A iOS App User Ratings Android App User Ratings Average Possible Business Mileage Deduction $12,000 $6,300 $8,400 $6,500 $6,000 $5,600 $5,600 $200-$2,000 Imports Trips and locations from Google Timeline Produces IRS-Proof…