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Amplify Your Hustle

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Mileage Tracker

Tax Deduction
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๐Ÿ’ก Quick Tip

Enter round-trip miles for sourcing runs. At $0.67/mile, even a quick 15-mile thrift trip = $10 tax deduction. Track every trip!

๐Ÿ“š Mileage Deduction Knowledge Base

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๐Ÿ“‹ The IRS Mileage Rate

2024 Rate: $0.67 per mile (2025 TBD)

This covers gas, insurance, maintenance, depreciation - everything. You don't need to track individual expenses.

Example: 5,000 miles of sourcing trips per year
5,000 ร— $0.67 = $3,350 tax deduction

At 22% tax bracket, that's $737 back in your pocket
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โœ… What Trips Qualify?

YES - Deductible:

  • Driving to thrift stores, garage sales, estate sales
  • Post office / carrier drop-off runs
  • Picking up shipping supplies
  • Meeting buyers for local pickup
  • Driving to storage unit
  • Bank runs for business deposits

NO - Not Deductible:

  • Commuting from home to a regular job
  • Personal errands (even if you "check" a store)
  • Trips where reselling wasn't the PRIMARY purpose
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๐Ÿ“ฑ How to Track Miles

Apps: Stride, MileIQ, Everlance - Auto-track via GPS

Manual: Keep a simple log with Date, Destination, Purpose, Miles

Google Maps: Check your Timeline for historical trips
โš ๏ธ IRS Requirement: You MUST keep a log. "I drove about 5,000 miles" won't hold up in an audit. Document date, destination, business purpose, and miles for EVERY trip.