How to Create a Mileage Log
Protecting Your Mileage Deduction
If you are going to claim a deduction for mileage, you must keep track of the number of miles you drive for business. Most people don’t do this and try to figure it out at the end of the year. This is not a good idea. It’s inaccurate and ineffective. Please keep track of your mileage on a regular basis. Daily is best, but you will probably be ok if you do it weekly.
EASIEST WAY: Get a phone app that records the miles you drive and gives you a report at the end of the year. (There are many available.)
I recommend “Track My Trip”. All you do is tap at the start of your trip & tap when you return. You will also need to type in your business purpose.
OLD FASHIONED WAY: Either use pen & paper, or an Excel spreadsheet is ideal because it will calculate your results for you.
Record the following information about each of your trips:
b) Where You Went
c) Who You met With, If anyone or business purpose of the trip
d) Number of miles traveled
Over 200 Years Of Collective Experience
A major benefit of choosing Abundant Returns as your full spectrum tax and financial professionals is you gain access to our full team of highly experienced CPA’s, Enrolled Agents, Business Consultants, Financial Experts and staff that can assist you. Our professional team members enjoy working with clients who are building successful businesses that concentrate on growth and development. We stand by our work and welcome further auditing and second opinions because we KNOW our team has covered all the bases to keep more money in your pocket. Our founder, Larisa Humphrey, built this company on a strong foundation of ethics, accuracy, and honesty. As an IRS Enrolled Agent she has earned the privilege of representing taxpayers before the Internal Revenue Service by passing a rigorous three-part test on tax law for individuals and businesses.