Mileage Tracking Tips: How to Maximize Your Tax Deductions

Why Mileage Tracking Matters for Gig Workers

For many gig workers, especially DJs, photographers, and event professionals, driving is a significant part of the job. The miles you drive for business purposes can add up to substantial tax deductions, but only if you track them properly.

The 2024 IRS Mileage Rate

The IRS standard mileage rate for 2024 is 67 cents per mile for business use. Let's put this in perspective:

What Qualifies as Business Mileage?

Deductible Mileage:

Non-Deductible Mileage:

IRS Requirements for Mileage Logs

The IRS requires that you maintain a contemporaneous log, meaning you record your mileage at or near the time of each trip. Your log should include:

Common Mileage Tracking Mistakes

Mistake #1: Waiting to Record

Trying to reconstruct your mileage at the end of the year is both inaccurate and risky in an audit.

Mistake #2: Not Separating Personal and Business

You can only deduct business miles. Keep personal and business driving clearly separated.

Mistake #3: Forgetting Local Trips

Those quick trips to pick up supplies or meet clients add up. Track every business mile.

Mistake #4: Not Documenting Purpose

"Business meeting" isn't specific enough. Note who you met and why.

Standard Mileage vs. Actual Expenses

You have two methods for deducting vehicle expenses:

Standard Mileage Method

Actual Expense Method

How GigTracker Simplifies Mileage Tracking

GigTracker's built-in mileage tracker makes IRS-compliant logging effortless:

Pro Tips from Experienced Gig Workers

Conclusion

Mileage deductions can save gig workers thousands of dollars each year. The key is consistent, accurate tracking throughout the year. Don't leave money on the table – start tracking your business miles today.

GigTracker's mileage feature uses current IRS rates to estimate your deductions in real-time. Get early access now.