It is extremely important that you keep adequate records (log) for any vehicles you use for business, charity, or medical. One alternative to a paper mileage log is an app called MileIQ, an automatic mileage tracker that takes the hassle out of keeping a mileage log. I think you’ll find it helpful for logging your business drives.
The MileIQ app runs in the background on your iOS or Android phone and logs every drive automatically. You swipe each drive to classify it as business (swipe right) or personal (swipe left), and MileIQ calculates the value of your deductible mileage. You can add details like parking, tolls, purpose and vehicle and have a complete, accurate mileage log practically effortlessly. Your log gets synced to the cloud, so you can get to it any time, even years down the road. You’ll be able to claim the full value of your mileage deduction with total peace of mind.
This year, MileIQ is offering my clients a 20% discount on annual unlimited-drive plans. Subscriptions are regularly priced at $5.99/mo. or $59.99/yr.
You can try MileIQ by downloading the free app for iOS or Android. The free version only logs 40 drives a month, which you will exceed because remember it automatically tracks every time you drive somewhere. To get an annual unlimited-drive plan at a 20% discount, sign in to your MileIQ web dashboard, click “Get Unlimited Drives” and use promo code JWIL221A at checkout. (Note that the discount is not valid for in-app upgrades or monthly plans.)
I hope you’ll give MileIQ a try and let me know what you think. (And remember, the subscription is usually deductible too — at 54.5 cents for every business mile in 2018 (18 cents for medical, 14 cents for charitable), it could pay for itself in just a few drives.