Track Your Business Miles with Our Mileage Log Template - Beginning Recording Today!

Are you struggling to keep track of your mileage for reimbursable expenses or tax purposes? Our mileage log template can help make the process much easier!

What is a Mileage Log?

A mileage log is a record of the distances driven for different purposes, such as business travel or personal use. Keeping a mileage log is important for several reasons:

• It helps you track your vehicle usage more accurately for tax purposes, particularly when you're claiming deductions or reimbursements.
• It provides documentation to support any mileage deductions you claim on your tax return, in case of an audit.
• It enables you to identify tax-deductible expenses that you may not have considered otherwise, such as tolls and parking fees.

How to Use a Mileage Log?

When it comes to tracking your mileage, you have two main options: using a paper-based mileage log or an electronic log using a mileage tracking app. Both methods have their pros and cons, but using a paper-based log may be more convenient for some people.

If you plan to use a paper-based mileage log, you can download our free mileage log template in DOCX format. It's a simple but effective tool that can help you keep track of your vehicle usage with minimal effort. Here's how to use our mileage log template:

1. Beginning Details: Fill in the details of your vehicle on the top of the log, such as the make, model, year, and plate number.
2. Date and Purpose: For each day that you use your vehicle, record the date and the purpose of your trip, such as business or personal.
3. Miles Driven: Enter the starting and ending odometer readings for each trip and calculate the total miles driven.
4. Rate per Mile: If you're claiming mileage expenses for work, enter the applicable reimbursement rate or the rate you use to calculate your tax deduction.
5. Total Mileage and Expenses: At the end of each week or month, calculate the total miles driven and expenses incurred for that period.

Get Your Mileage Log Template Today!

Keeping a mileage log can be an excellent way to maximize your tax deductions and save money on vehicle expenses. With our free mileage log template, you can start tracking your mileage easily and efficiently.

Visit BizzLibrary.com now to download our mileage log template in DOCX format and start logging your miles today!