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Tag Archive for free app

Welcome To The New MileIQ – Free App

MileIQ

You may notice that things have changed a bit on MileIQ.com and within the app. Don’t worry, you’re still getting the world’s best automatic mileage logging to help you get the largest deduction yet. Now, it’s just in a prettier package.

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Car Allowances vs. Mileage Reimbursement

mileiq, mileage reimbursement, car allowances

If you use your personal car for your own business, you can take a mileage deduction to save on your taxes. But what if you drive your own car for your W2 job? Your employer can reimburse you and that often comes through a car allowance or a mileage reimbursement.

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Reporting Business Mileage On Your Tax Return

MileIQ

We often talk about tracking your mileage and expenses for tax purposes. But, what are you supposed to do with it? Let’s go over the basics on reporting business mileage on your tax return.

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MileIQ Mileage Tracking App – Lisa Jeffries

MileIQ

We’re happy to spotlight the amazing work MileIQ users do every day. This week, we’re excited to speak with Lisa Jeffries, founder of Raleighwood Media. See why there’s no typical day for this go-getter and how automatic mileage tracking comes in handy for her and her events-planning company.

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Do You Need A Mileage Log For A Business-Only Car?

MileIQ

The IRS says that to deduct your mileage as a business expense on your tax return you must keep a record of your business trips during the year and the total miles your drive. This is often used for the mileage deduction for business use of a personal car. But, what happens if you use your business car only for work purposes? Do you still need a mileage log?

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Tax Write-Offs: MileIQ And Mileage Deductions

MileIQ

A write-off, or a tax deduction, can be quite useful for taxpayers of all kinds. It’s particularly handy for those who are self-employed, including small business owners. How does a write-off work? Let’s go over what it is, as well as some tips on how to lower your taxable income.

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Facts & Myths About The Mileage Deduction – Free MileIQ App

MileIQ

The mileage deduction is a great way to save on your tax bill. But there are some misconceptions about this valuable deduction. Let’s go over some facts and myths about the mileage deduction.

Myth: You Need An Odometer Reading for Every Trip

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Meet Ralph Ercolano And How MileIQ Helps His Business

MileIQ

For Mileage Monday, we’re happy to spotlight the amazing work MileIQ users do every day. If you’d like to recommend someone, please let us know on Twitter @MileIQ. This week, we’re excited to speak with Ralph Ercolano, owner and operator of Surrogate Son, a senior advising service. See how taking care of seniors can lead to a lot of miles on the road.

Get the MileIQ app for Tax Professionals Free!

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Reporting Business Mileage On Your Tax Return

MileIQ

We often talk about tracking your mileage and expenses for tax purposes. But, what are you supposed to do with it? Let’s go over the basics on reporting business mileage on your tax return.

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IRS Increases Per-Diem Rates for Business Travel – Track Your Business Mileage For Free Using Mile IQ

MileIQ

Employees who travel out-of-town for business typically have their expenses reimbursed by their employer. If properly documented, such reimbursements are tax-free to the employee.

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