The Great Mileage Payback: Automatically Log Business Miles, Get Back 50.5 cents/mile Tax Deduction

YOU CAN DEDUCT 50 CENTS/MILE FOR BUSINESSS MILEAGE IN 2010.

The IRS has reduced the business mileage deduction by 9% from the 2009 figures.

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

The Automatic Mileage Logger is tax deductible (consult your tax professional) and will help you reclaim what's yours. It can pay for itself in just a few weeks of driving and will ensure you are able to deduct every mile that you are entitled to claim for business, medical or charitable purposes. We have provided everything you need to know regarding the IRS Business Mileage Deduction and how it can help you, or your small business reclaim some of your fuel costs -- Just read through the Related Articles in the sidebar. We also have links related to tax information, tips and advice on using these deduction to your benefit. Read on, and watch the video to learn more about the Mileage Logger.

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Wednesday, April 16, 2008

Automatically Log Business Miles, Get Back 50.5 cents/mile Tax Deduction

Do you regularly drive as part of your work duties or do you own a business? How would you like to log your mileage automatically, and claim your business mileage deduction on your taxes! And the best part is that this device may even be a tax deduction itself!

If you work in a job that requires you to log lots of (TAX DEDUCTIBLE miles), then boy do I have a cool toy for you! Now that gas is upwards of $3/gal )and we may see the price get closer to $5/gal in the future) nobody can afford to ignore the 50.5 cent per mile deduction that the IRS allows for 2008! We're talking about some serious cash people, and you're a fool if you don't deduct your allowable mileage! Enter the Mileage Logger . This cool device tracks and stores your movement automatically via GPS technology. Periodically it will upload the data to company servers via it's built in celluar modem. (there's a nominal monthly fee for the cellular data service, and you even have the option to add emergency notification and vehicle tracking services if you wish) Once the data is uploaded, You logon to their secure web site and then select which trips are business related, which are personal, etc. Their system converts the GPS data into addresses and automatically calculates the miles driven between stops. The resulting data and mileage logs can then be exported into your finance or tax software and presented as IRS Compliant Mileage logs when it's time to do your taxes, allowing you to maximize your mileage deductions with no extra effort. How cool is that?

If you drive for business, this device log your miles automatically making obtaining a mileage reimbursement a piece of cake! Just plug in the Mileage Logger in your vehicle and drive!