There are several options available for generating a mileage log for tax purposes, including MileIQ, ExpressMileage, Stride, Everlance, or just a plain old paper log. Here is a comparison of these options:
MileIQ is a mobile app that automatically tracks your mileage using GPS technology. It provides detailed reports that can be used for tax purposes. The app also allows you to categorize your trips as business or personal, and it has features to help you identify potential deductions. MileIQ has a free and paid version, with the paid version offering additional features such as unlimited trip tracking and custom reporting.
ExpressMileage is a web-based app that allows you to track your mileage manually or generate a mileage log for an entire year in just a few minutes. You simply enter your starting and ending mileage for each trip, as well as the purpose of the trip. The app then calculates the total mileage and generates a report that can be used for tax purposes. ExpressMileage has a free and paid version, with the paid version offering additional features such as custom reporting and the ability to download the entire generated log as a spreadsheet or PDF.
Stride is a mobile app that provides mileage tracking, expense tracking, and tax deduction tracking for self-employed individuals. It allows you to track your mileage using GPS technology, or manually enter your starting and ending mileage for each trip. The app also provides other tools to help you manage your business expenses, such as receipt tracking and income tracking. Stride has a free and paid version, with the paid version offering additional features such as custom reporting and tax form preparation.
Everlance is a mobile app that provides mileage tracking, expense tracking, and tax deduction tracking for self-employed individuals. It uses GPS technology to track your mileage automatically, and it allows you to categorize your trips as business or personal. The app also provides other tools to help you manage your business expenses, such as receipt tracking and income tracking. Everlance has a free and paid version, with the paid version offering additional features such as custom reporting and automatic categorization of expenses.
A paper log is the most traditional way to track your mileage for tax purposes. You simply keep a record of your starting and ending mileage for each trip, as well as the purpose of the trip. This method is time-consuming and can be prone to errors, but it is also the most cost-effective option.
In summary, the best option for generating a mileage log for your taxes depends on your specific needs and preferences. If you prefer automated tracking, MileIQ or Everlance may be the best option for you. If you prefer manual tracking, Stride may be a better fit. And if you are looking for a low-cost option, a plain old paper log may be the way to go.
Need a Mileage Log ASAP??
One major difference that sets ExpressMileage apart from the other tracker systems is it’s ability to generate entire logs for 1 or more years within a few minutes. If you need a mileage log right away to submit with your taxes or to defend an IRS audit, ExpressMileage is the ONLY option that will allow you to create a mileage log from scratch.
