Comments on: Are you tracking your mileage?

By: hermes handbags

hermes handbags — Thu, 08 Jul 2010 05:52:03 +0000

Business miles for a personal business yes, but for employment you have to reach 2% of your AGI (I believe). I have kept track for the past two years only to be told by my CPA I don’t even come close.

Give it a try, if it is a waste of your time – don’t bother.

By: Jesse

Jesse — Mon, 10 Aug 2009 16:02:10 +0000

why don’t you check out MyMileageGenie – automates mileage tracking using GPS in blackberry and calculates cost/mile, etc. very intuitive http://www.mymileagegenie.com

By: Mileage Payback

Mileage Payback — Wed, 14 May 2008 22:49:17 +0000

Rather than go through all the hassles of logging your business, personal and medical mileage manually, if you drive a lot for business then you should consider getting an Automatic Mileage Logger. It’s inexpensive, and tracks your mileage via GPS and automatically creates a FULLY IRS COMPLIANT MILEAGE LOG FOR YOU. There’s a monthly fee for the GSM wireless service it uses to report your data back. And vehicle tracking and emergency notification are available options, which may entitle you to an insurance discount. The device is likely considered tax deductible too.

We’ve been using ours for two weeks and so far we’ll be able to write off 366miles, recovering over $180 is business mileage deductions and the total is growing!

For more info go to: http://www.mileagepayback.com

By: Vivek

Vivek — Thu, 06 Mar 2008 06:37:45 +0000

I dont get it. Business expense on travelling is always deductible. There is no limit.

By: Me

Me — Thu, 17 Jan 2008 15:04:39 +0000

Give it a try, if it is a waste of your time – don’t bother.

By: Bargain Hunter

Bargain Hunter — Wed, 16 Jan 2008 23:45:45 +0000

This is a major nuisance. I can’t believe anyone is doing it for 14 or 20 cents especially if all you have is a ton of short trips.