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Top Mileage Tracking Apps And Why They Matter For Taxes
Maximizing your tax deductions is one way to save money at tax time, and if you’re a business owner, a side hustler, or self-employed, the mileage you put on your car could be tax-deductible.
The IRS allows you to claim up to $0.67 per mile you drive for a legitimate business purpose in 2024. That means a person who drives 5,000 miles for business can claim $3,325 in business expenses (and likely save $1,000 or more in taxes).
But to claim the deduction, you need to track your trips. Thankfully, you don’t have to keep a paper log in your car anymore. Today, there are a myriad of apps that…
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