Are you a millennial on the move? Whether you're hustling for that side gig or crushing it in your 9-to-5, chances are you're racking up those miles. Good news! You might be able to turn those miles into money with the mileage deduction. ð€
What's the deal? Basically, you can deduct a certain amount for every business mile you drive. It's like getting paid to drive!Â ð€¯ But, there's a catch: you need to keep track of your trips. ð
How to track your miles:
Mileage log: The classic. It's a pain, but it works.
Mileage tracking app: There are apps that can do the dirty work for you. ð±
Important: Keep receipts for any related business expenses like tolls or parking. ð§Ÿ
Remember: Tax laws change faster than your favorite TikTok trend. ð So, consult a tax pro to make sure you're doing it right.
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