Mileage Tracker
Tax Deduction
$0.00
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๐ก 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!
๐ Mileage Deduction Knowledge Base
๐ 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
5,000 ร $0.67 = $3,350 tax deduction
At 22% tax bracket, that's $737 back in your pocket
โ 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
๐ฑ 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
Manual: Keep a simple log with Date, Destination, Purpose, Miles
Google Maps: Check your Timeline for historical trips
โ ๏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.