Employees and self-employed workers have the opportunity of getting unreimbursed mileage expenses as itemised deductions while filing the year tax returns.

The IRS has made it very easy for self-employed individuals or employees who use vehicles for business purposes to get mileage deductions from

Hard to Read Mileage Log If you are using a handwritten or a hardcopy of mileage log, you better make sure it is easy to read. However, this is the old way

There are a few things that you need to do for you to get the most out of your mileage deductions. While a mileage deduction is not an exact science, you can guarantee huge amounts of tax savings if you observe a few rules. Below are the tips that you need to follow for you […]

Unlike the first generation of smart car gadgets on the market, the GOFAR gadget comes with an intelligent app that translates engine data, logs business mileage and teaches a driver how to drive safely to improve efficiency. The inventors of the product came up with a technology that ensures you spend less on fuel. The […]

The IRS considers the first trip out of your house to the office and the last trip from your office to your home as commuting. Commuting is not an allowed deduction, and therefore you cannot claim mileage deductions on commuting. The IRS sees where you live as a personal choice, and thus if you live […]

As an American in 2018, you can deduct some of the cost of running your car from your expenses if you use it for business purposes. To do that, you need an efficient way of tracking your expenses. You can use a mileage tracking app such as GOFAR which not only tracks your business mileage […]

What is the IRS Standard Mileage Rate in 2018? If you choose to use the Standard Mileage Rate method of deduction set by US Government Agency, the Internal Revenue Service (IRS), you will use the following rates for deduction; Business mileage at 54.5 cents per mile Medical miles at 18 cents per mile Charity miles at […]