If you’re like most Americans, you’re probably wondering how you’ll track your mileage for taxes in 2022.
Thankfully, there are plenty of tools and resources available that can help you in tracking mileage for taxes, including apps, websites, and even physical things like car manuals.
IRS Mileage Log Requirements
IRS mileage log requirements in the United States vary depending on the type of vehicle you drive. Generally, you must keep a simple mileage log for each vehicle you drive for business purposes. This includes motorcycles, RVs, cars, and trucks.
To keep your mileage log for taxes, you need to keep track of the date, the name of the business, the miles driven, and the type of vehicle. You also need to record the date, the name of the person driving the vehicle, the miles driven, and the type of fuel used.
If you drive your vehicle for personal purposes, you don’t need to keep a mileage log. However, you may need to keep records of the date, the name of the person driving the vehicle, the type of fuel used, and the miles driven.
About Mileage Reimbursement
As a driver in the United States, you’re likely aware of the various mileage reimbursement programs available. These programs can reimburse you for your miles driven, based on a set number of miles per gallon.
The programs can vary in terms of their eligibility requirements, as well as the amount of reimbursement that you may receive.
The standard mileage rate for all your business travel purposes is revised to 62.5 cents per mile from July until December 2022. This was earlier 58.5 cents from January up until June 2022 but has been increased by 4 cents to compensate for the rise in gasoline prices.
Can I Track Mileage on the Go?
Do you ever feel like you’re constantly on the go, but you can’t ever seem to track your mileage? Well, there are plenty of ways to track your mileage on the go without ever having to carry a pen and paper with you!
Here are a few ways to track your mileage without ever having to stop and take a break:
- Use a GPS device to track your mileage. This is the most popular way to track your mileage, and there are many different models available to choose from. Simply plug in your GPS device, and the mileage will automatically be tracked as you drive.
- Use a mileage log template. Many websites offer mileage tracking services on these templates, and all you need is a web browser to access the website. Simply enter your destination, and the website will track your mileage as you drive.
- Use a mileage tracking app to keep track of mileage. Once you have installed the mileage tracker app, simply start driving and the app will automatically record the odometer reading on all your business trips as well as personal trips.
Whichever way you choose to track your mileage, make sure to maintain a vehicle mileage log so you can see how your driving habits are affecting your mileage totals.
MileageWise is a great tool to reduce your tax liability. It has many features and offers many benefits, such as the ability to deduct mileage for the tax year, automatic trip tracking, and the ability to import trips from Google Maps Timeline. If you want to download this app, you can find it on Google Play.
MileageWise is 100% IRS-compliant, making it a great option for tax preparation. You can manually track your trips as well. MileageWise also offers a VIP service that will help you prepare your mileage logs.