If tracking your business mileage has become such a chore that you skip it rather than take the time to get reimbursed or claim your mileage deduction come tax time, there is an app that may ease the pain and return you some cold cash.
MileIQ takes the hassle out of mileage tracking with a mobile app that logs car trips automatically, syncs them to the cloud, and dramatically simplifies the process of generating accurate mileage expense reports. MileIQ enables the self-directed workforce—realtors, salespeople, consultants, business owners, and others who drive for work—to log their drives with ease and claim the full value of their deductible and reimbursable miles.
To get started, you simply have to download the app, create a free account, and let MileIQ do the rest. There is no need to open the app, press a button, swipe or remember to start and stop…just get in your car and go! The app allows you to classify each drive as business or personal with a single swipe or use bulk edit to update many at once. It also has reporting features that generate mileage expense reports with the details you need to get reimbursed, file your taxes, or respond to an audit.
The downside is that MileIQ is only currently available for iPhones in the Apple App Store. MileIQ for Android is coming soon.
Oh and by the way, the phone has to be with you; according to some comments on the internet, the app works more reliably with WiFi enabled.
Cost: free for up to 40 trips a month or $5.99/month for an unlimited plan)
MileIQ remembers your drives, so you don’t have to.
“Money, like emotions, is something you must control to keep your life on the right track.”
― Natasha Munson, Life Lessons for My Sisters: How to Make Wise Choices and Live a Life You Love!
Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.