What Is Mileage Tracking? Why Should You Do It for Taxes?

Marin Perez

One way to reduce your tax bill is to track your mileage. Let's go over what mileage tracking is and why you may want to start doing it.  

What Is Mileage Tracking?

Most often, mileage tracking refers to keeping a mileage log for reimbursement or for tax deductions. For 2018, your business miles are worth 54.5 cents per mile. Many employers also require a mileage log when paying out a mileage reimbursement.  

What Counts As Deductible Mileage?

The IRS lets you deduct mileage for business, charity, moving and medical purposes. The IRS considers the following business drives:

  • Customer visits
  • Trips between offices
  • Drives for errands and supplies
  • Customer meals and entertainment
  • Trips to the airport for business travel
  • Traveling between temporary job locations

Download MileIQ to start tracking your drives

Automatic, accurate mileage reports.

It's important to note the IRS doesn't let you deduct your commute. The IRS considers where you live a personal choice, so driving to work is not deductible.  

How Much Are Your Miles Worth?

Your business drives are worth 54.5 cents per mile in 2018.

How To Track Your Business Mileage

The IRS requires you to have documentation of your miles. You can use a mileage log template, a handwritten log or a mileage-tracking app like MileIQ. Millions of people rely on MileIQ because it provides automatic mileage tracking. This means you can focus on your business while making sure you're getting the largest deduction for your mileage.  

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

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Automatic, accurate mileage reports.

How have you been tracking your miles?

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