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.
The easiest way to do this with MileIQ is by using the “Vehicles” feature. Here’s how:
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!
You can also add your odometer readings through the MileIQ Dashboard. Here’s how:
Now that you’ve recorded your odometer reading, you’re ready to get your largest deduction yet. Be sure to learn about the latest intelligence features we’ve added that make logging and classifying your drives easier than ever.