Wondering how a free mileage tracker can help you save thousands of dollars every year? Take a tour.
MileGo uses your phone's built-in GPS to automatically detect when you get into a car and then logs that trip for reimbursement or tax deduction purposes.
Alternatively, you can simply tap to start and end your trip.
EVERY MILE COUNTS
Much to our respite, we have tax laws that define deductible costs of operating an automobile for business, charitable, medical or moving purposes. But, the IRS says that you have to keep a written record of your mileage, if you're going to claim that on your tax return.
The task is tedious: writing down the starting mileage, ending mileage, total mileage, as well as what you were doing on a particular trip – each time!
However, the rewards are fair enough: 53.5 cents per mile for business miles driven, 17 cents per mile driven for medical or moving purposes, 14 cents per mile driven in service of charitable organizations.
MileGo replaces the old-fashioned mileage log book and automatically calculates the reimbursements and deductions, which you are entitled to, as you drive to office, hospital or the American Red Cross!
AN EYE FOR THE DETAILS
With just a swipe of the screen, this intelligent mile tracker app categorizes your trip as 'Business' or 'Personal' and then breaks it down further, with additional tagging options. So, either on a standard business drive or on your way to get an ECG test done, MileGo will fetch the applicable IRS reimbursement rates to do the math andcalculate your savings.
You can also personalize your trip, by adding tags for specific purposes and ignore drives outside of your normal work hours.
At the end of a trip, you can add tolls and parking expenses too. Precisely, 'Down To The Very Last Bit'!
MAKING SENSE OF IT ALL
Come tax time and you are data-ready!
MileGo lets you run custom reports of all your deductible miles whenever you want – at just the tap of a button. These comprehensive reports are e-mailed to you. So when your employer or accountant needs the data - quarterly, monthly, or at year-end to workup your savings, you'll please them with well-formatted digital logs!