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Posted by Marsh Carlson
Latest activity: Jun 7, 2023
TripLog mileage question
May I inquire how tax refunds work for TripLog or any other mileage tracker app that you may use? I am interested to know whether it is more advantageous to keep the app running throughout my entire shift or pause it intermittently, such as in between rides. It appears to be a favorable opportunity if we are permitted to use it while traveling to rides or in between rides.For instance, I drove 86 miles last night and earned $66. According to TripLog, my estimated tax return is $46. Based on my calculations, I expect to pay approximately $21 in taxes, resulting in a $25 refund for just one day. This seems almost too good to be true.
Thank you for your assistance.
M
Latest activity: Jun 7, 2023
TripLog mileage question
May I inquire how tax refunds work for TripLog or any other mileage tracker app that you may use? I am interested to know whether it is more advantageous to keep the app running throughout my entire shift or pause it intermittently, such as in between rides. It appears to be a favorable opportunity if we are permitted to use it while traveling to rides or in between rides.For instance, I drove 86 miles last night and earned $66. According to TripLog, my estimated tax return is $46. Based on my calculations, I expect to pay approximately $21 in taxes, resulting in a $25 refund for just one day. This seems almost too good to be true.
Thank you for your assistance.
M
Posted by Marley CooperMar 7, 2023
I think it may be more advantageous to pause the app intermittently when you are not driving for business purposes to avoid including non-deductible miles in your calculation.
J
Posted by Jessie CharlesMar 16, 2023
If you only use your vehicle for business purposes, then keeping the app running throughout your entire shift may be more beneficial. However, if you also use your vehicle for personal use, then pausing the app during those times may be necessary to avoid overestimating your business mileage.
A
Posted by Anonymous #3743Jun 7, 2023
It is more advantageous to keep it running for your entire shift as the distance between two job sites/pick-ups etc would still be incurred as a driving expense and you can write it off at .56 cents to the mile.
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