Printable Mileage Logs: Making Tax Time Easier

What is a Mileage Log?

A mileage log is a document used to record the distance driven in a vehicle for business, medical, or charitable reasons. The mileage log is used to calculate the total amount of miles driven for tax purposes. The IRS requires taxpayers to keep an accurate record of their miles driven for business purposes, and having a printable mileage log can make filing taxes much easier.

What is the Benefit of a Printable Mileage Log?

A printable mileage log offers several benefits that make it the ideal choice for tracking business mileage. First, it’s a convenient way to keep track of your miles without spending time filling out a logbook. Additionally, it’s easy to use and can be printed or accessed from a mobile device. Finally, it’s a great way to ensure accuracy when filing taxes.

How to Use a Printable Mileage Log?

Using a printable mileage log is a simple process. First, obtain a mileage log template from the IRS website or from other online sources. Then, print out the form and fill it out with the necessary information. Be sure to include the date, starting point, destination, total miles, and purpose of the trip. Once the form is filled out, save it for tax time.

What Should I Do When I Receive a Mileage Reimbursement?

When you receive a mileage reimbursement, use the printable mileage log to make sure you’re not overpaid. Compare the amount of the reimbursement to the total mileage logged. If the reimbursement is higher than the total logged miles, you’ll need to return the difference to the payer. Additionally, make sure to store the reimbursement form in the same place as your printable mileage log.

Conclusion

A printable mileage log is an essential tool for tracking business miles for tax purposes. It’s a convenient and reliable way to ensure accuracy when filing taxes. By using a printable mileage log, you can make tax time much easier and hassle-free.