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WHAT IS THE CRA LOGBOOK METHOD?

The Canadian Revenue Agency (CRA) allows people to claim the use of their car for work as a tax deduction.  One of the allowable ways to claim is by the ‘logbook method’. The logbook method allows people to claim a % of all of their vehicle expenses based on how much the vehicle is used […]

FAQs About IRS Mileage Deductions 2021

What Is the IRS Standard Mileage Rate in 2021? 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 56 cents per mile Medical miles at 17 cents per mile Charity miles at [...]

What is the Standard Mileage Rate for 2021?

In the United States, the Internal Revenue Service (IRS) has a standard mileage rate that is used to calculate deductible expenses for running a car. The rate is specifically computed to help people who regularly drive for business purposes to calculate their costs and then deduct them from their taxes. The Standard Mileage Rates include [...]

How to Use Waze as a Mileage Tracker

What is Waze? Waze is a free, ad-supported navigation app designed to make driving more efficient. It uses your phone’s GPS and social media-based crowdsourcing to find routes, and provide you with real-time traffic information. Waze allows users to share information such as traffic conditions and anything else that might impact driving. Because Waze uses […]

How to Choose the Best Mileage Tracker App for Uber and Lyft

Tracking deductible business mileage is notoriously difficult. Especially for individuals who rack up a lot of miles as part of their job. For Uber and Lyft drivers, accurate mileage tracking and reporting are essential. One of their major sources of income is through their mileage deductions. However, manual mileage tracking will not work for such […]

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