Mileage Deduction Tips
Mileage is one of the most overlooked deductions for entrepreneurs. Whether you’re driving to meet clients, deliver goods, or attend events, those miles can add up to hundreds or even thousands in tax savings each year.
Why It Matters
If you’re not tracking mileage accurately, you’re leaving money on the table. The IRS requires proof—so rough estimates won’t cut it. A simple log or app connected to QuickBooks can ensure every legitimate mile gets counted.
How to Track It Right
- Use a mileage tracking app (QuickBooks has one built-in).
- Record the date, destination, and business purpose for each trip.
- Don’t mix personal and business trips—keep them separate.
Why It’s Worth It
Accurate tracking protects you during audits and maximizes your deductions. A Chandler CPA can show you how to link your mileage records directly to QuickBooks Online for seamless reporting. The Best CPA in Chandler (us!) can even review your current mileage habits and help optimize them for tax efficiency.
The Bottom Line
Good bookkeeping isn’t just about dollars—it’s about details. Start tracking every trip now so you don’t have to scramble at tax time.
Need some help with your books? Call us at 480.747.3935 or set a time to talk with our CPA, Chris, at www.chrisbadulescu.com.
