Are you tracking your mileage? If not, you could be missing a valuable deduction on your taxes. The IRS allows you to deduct 57.5 cents per mile (2020) operating an automobile for business. However, to claim this deduction, you need to keep detailed records.
We have partnered with TripLog to give you access to an automated mileage tracking program that runs on your IOS and Android devices. TripLog offers feature-rich automated mileage log tracking for your IRS tax deductions. The TripLog app automatically records trips and categorizes them based on your preferences.
Here is an example of the information the IRS requires you to track for tax purposes.