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Get Company Vehicle Log

BradfordTiogaHeadStart,INC. CompanyVehicleMileageandFuelLog PLEASEUSENEWFORMEACHMONTH Make BTHSIDNo. Month Name Date Return Date Destination Travel Reason Begin Mileage Ending Mileage Totals Total.

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Your mileage log must be able to prove: The amount: the number of miles driven for each business-related trip. The time: the date and time you take each trip. The place: the destination for each business-related trip.

Your car's business use percentage would be 25% (5,000 business miles divided by 20,000 total miles). To find the amount of your deduction, you'd multiply your total vehicle expenses by this business use percentage. If you spend $9,000 on car expenses in 2021, your deduction would be $2,250 (25% x $9,000).

Your mileage log must be able to prove: The amount: the number of miles driven for each business-related trip. The time: the date and time you take each trip. The place: the destination for each business-related trip.

At the start of each trip, record the odometer reading and list the purpose, starting location, ending location, and date of the trip. After the trip, the final odometer must be recorded and then subtracted from the initial reading to find the total mileage for the trip.

How to Create a Mileage Log in Excel Step 1: Launch Excel and select “File.”Select “New” and type “Mileage” in the search box and choose “Enter.” Choose a template and click “Create.” A new workbook will open. Step 2: Type the trip details.

The IRS requires that mileage be recorded within a reasonable amount of time. It's a good rule of thumb to have employees contemporaneously record their mileage at the start and end of each trip. The IRS requires that the business purpose of every expense be recorded.

The standard mileage rate is now $0.655 cents per mile, an increase of $0.03 cents from the last increase in June 2022. The IRS provided a mid-year raise in 2022 due to the rising cost of gas and inflation rates. The current 2023 mileage rates are as follow: $0.655 cents per mile is the standard mileage rate.

How Do You Track Company Vehicles? The best and most common way to track company vehicles is through GPS fleet management technology (also known as telematics, fleet tracking, etc..). This is the process of using a GPS-capable device to relay information to GPS tracking software.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232