Self Employed
Record Your 2018 Odometer Reading
As we head into the new year, it’s important to record your 2017 ending odometer readings and 2018 starting odometer readings (these should be the same number). The IRS wants it if you’re going to take a mileage deduction.
How To Add Odometer Readings To MileIQ
The easiest way to do this with MileIQ is by using the “Vehicles” feature. Here’s how:
- Before you take your first drive of 2018, open MileIQ, tap the menu icon and select “Personalization”
- Tap “Vehicles” and tap the name of your vehicle
- Once you’re in your individual vehicle settings, you’ll see a place to add your 2018 starting odometer readings
As a reminder, the IRS doesn’t require odometer readings for each trip you make throughout the year. But it does require your mileage log to have both your starting and ending odometer readings each year, so be sure not to skip this step!
