Author: founder
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How to Track Mileage for Taxes in 2026 (And Stop Losing Money on Every Drive)
Published: June 2026 | Reading time: 8 min | Category: Tax Tips, Self-Employed IRS rate 2026: 72.5¢ per mile | Updated: June 2026 The IRS standard mileage rate for 2026 is 72.5 cents per mile. That means every business mile you drive and fail to record costs you 72.5 cents in deductions — and if you are in the 22% tax bracket, that…
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Understanding Mileage Reimbursements and Rates: A Comprehensive Guide
When employees use personal vehicles for work-related purposes, businesses often provide compensation in the form of mileage reimbursement. This system ensures that employees are fairly compensated for their out-of-pocket expenses, such as fuel, maintenance, and insurance, incurred during work-related travel. Mileage reimbursement is regulated in the United States by the Internal Revenue Service (IRS), which…
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7 Best Mileage Tracker Apps in 2026 (Tested & Compared)
Last updated: July 2026. Pricing verified as of July 2026. Published: June 2026 | IRS rate: 72.5¢/mile for business use | Last verified: June 3, 2026 At 72.5 cents per mile, every 1,000 business miles you fail to log is $725 walking out of your pocket. Drive 15,000 business miles in a year and you’re looking at $10,875 in legitimate…
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Should I Use An App To Track My Mileage?
Whether you are self-employed or work for another company – as long as you drive your personal vehicle for business purposes – you can legally claim some tax deductions or reimbursement by submitting your mileage reports. However, using logbooks and spreadsheets to track miles for each business trip can be time-consuming and difficult. That is…
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IRS Increases Mileage Rates For 2022 – Effective From July 1
Updated: June, 2022 Due to the recent surge in gasoline prices, the internal revenue service (IRS) has announced a rare midyear increase in the standard mileage rates. Usually, these updates happen once a year and are expected to be used optionally by taxpayers throughout the four seasons before a new change. New IRS Mileage Rates For…
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Using A Mileage Tracking App For Your Small Business
Updated: 2022 As a small business owner, you are entitled to claim mileage deductions on your taxes if you use a vehicle for work, so long as you have an IRS-compliant mileage report. And the best way to maximize your mileage deductions is by using a mileage tracker. To help you understand how this works,…