Can You Deduct Mileage On Your Taxes?

Can You Deduct Mileage On Your Taxes?

One, of the best tax deductions someone can use on their taxes. The reason people don't use this is because you don't know you qualify, and don't know how to keep track of it.

So, I've provided a solution to both. Here are the qualifications, and an extremely simple app that can track everything for you.

First, let's see if you qualify:

Yes, You Can Deduct

  • You’re a business owner or self-employed.
  • For medical or charitable purposes.
  • As a moving expense that was related to your job.
  • If you qualify to claim it as part of employee business expenses. (You would only benefit from taking these expenses if you use itemized deductions on your return.)

No You Can't Deduct

  • You’re an employee, you can’t claim mileage for commuting between your home and your main workplace.


So, You Qualify?

Okay, you have the easy part figured out. Now, lets see how you can track it.

You have two options:

  • Standard Mileage Rate
  • Actual Cost Method
    • Keep track of what you paid for gas and any maintenance
      • No, you can't deduct carwashes.

Which, ever you choose is up to you. Me personally, I keep track of both, and take the higher one for my taxes.

Most of the time Standard Mileage Rate is a bigger deduction.

  • The problem with standard mileage rate is it is very difficult to keep track of it when you use your personal car for business too.

I won't go into detail because you don't need to know now that there is an app that does it for you.

Mile IQ is the best app i've found that makes it simple to do. 

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Want to learn more about it first? Click Here, or see The Simple Way To Track Mileage

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