07/07/2026
🚗 Small business owners, are you tracking your vehicle mileage for every business trip?
The IRS standard mileage rate for 2026 is 72.5 cents per mile.
If you're driving 20,000 miles a year for work and NOT tracking it, you could be leaving $14,500 in deductions on the table. 😳
This applies to business-related driving such as client visits, supply runs, bank trips, meetings.
Your mileage log must include:
📍 Date of the trip
📍 Starting point and destination
📍 Business purpose of the trip
📍 Odometer reading OR total miles driven
A notes app, Google Sheets, or a mileage tracking app like MileIQ works great. The IRS requires a contemporaneous log - meaning you need to record it at the time, not reconstruct it later from memory.
Need help setting up your books to capture every deduction you're entitled to? That's exactly what we do. 📞 (205) 621-0388
⭐️ Life Less Taxing Since 2005 ⭐️