Thankfully, thanks to the advent of technology and the way it is now interwoven into how we all communicate and do our jobs, you can keep track of your mileage with little effort. Next thing you know, you have no idea how many miles you have driven that you could consider a work-related expense.
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While you might have the best of intentions, it can simply slip your mind when you leave from one location to another during a busy workday full of meetings and other responsibilities.
Unfortunately, it can be difficult to simply remember to write your mileage down. This number needs to be accurate and precise. Trust us, Uncle Sam doesn’t appreciate approximations of your mileage, a number you just come up with as your best guess. It’s also extremely important to keep track of your mileage if you plan on writing any of it off on your taxes if you happen to be an independent contractor and claim mileage as an expense on your taxes.
For example, if you are reimbursed through your work for any work-related driving you do, it’s vital to keep accurate records of that mileage. Of course, even if you don’t have one of these professions, using your car to make a living or at least as a side gig, you might still need help keeping track of your mileage for work-related expenses.
This is no minor expense and therefore tracking mileage is vital for you if you enjoy one of these “ driving” related careers.
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After all, a full-time driver, working as a Lyft or Uber driver will put around 50,000 extra miles on their vehicle a year, which translates to a $28,750 tax deduction. Accurate tracking is immensely important. Thanks to the boom within the gig industry, more and more Uber or Lyft drivers, along with Ubereats, DoorDash, and Instacart drivers, are now finding themselves in need of a way to track their work-related expenses and mileage.
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