Tax season is quickly approaching, and if you’re like most people, you’re probably undecided on which mileage tracker app to use. Before you invest in a tracker, make sure you know what you’re looking for.
Here are four key factors to consider when choosing a mileage tracker app for mileage reimbursement:
1. Cost
How much does the app cost? Is there a subscription fee? Do you have to pay for the app every year?
Subscription cost
You can get a free mileage tracker app, while others require a subscription. The subscription price will determine how frequently the app updates your mileage data. If you only need the app to track your mileage for one year, a free app may be adequate. If you plan to use the app for more than one year, a subscription may be more cost-effective.
Cost of a Mileage Tracking App
Another factor to consider is the cost of the mileage tracking app. The cost of the app will determine how comprehensive the app’s mileage data is. If you only need the app to track your mileage for one year, a free app may be adequate. If you plan to use the app for more than one year, a subscription may be more cost-effective.
2. Features
What features does the app offer? Does it track your driving habits, your vehicle’s mileage, or both? Compare the most popular mileage tracker apps.
Some trackers offer features such as tracking your driving records, tracking your fuel usage, and tracking your vehicle’s history. These features are important if you plan to use the tracker to keep track of your taxes.
If you are not using your vehicle for business purposes, or if you only need a basic mileage tracker, then you can choose a tracker without any of these features. Some trackers also offer monthly or yearly reports, so you can keep track of your progress over time.
3. Compatibility
Does the app work with your smartphone and your tax software?
One of the biggest factors to consider when choosing a mileage tracker app for taxes is compatibility. Most mileage tracker apps are compatible with a variety of different tax software, so you’re sure to be able to get your taxes done without any trouble. Additionally, many apps offer helpful features like automatic mileage tracking and easy-to-use reports.
If you’re looking for a simple mileage tracker compatible with a variety of different tax software, our top pick is the MileageWise app. This app is a MileIQ alternative and is available on the Google Play App Store and Apple.
You can get the free version or the full version without a credit card. You can track your business mileage both manually and automatically, and you can also get easy-to-use reports that will show you exactly where your money is going.
4. Accuracy
How accurate is the app’s tracking? Is it able to identify all of your driving, even if you’re using public transportation?
This is obviously the most important factor. Make sure the mileage tracker you choose is accurate enough to keep track of your actual mileage. Some trackers are more accurate than others, but all of them should be accurate to within a few percent.
If you know how to keep track of mileage for taxes, you can pay monthly for a mileage tracker that is compatible with your accounting software. If you own a small business or are self-employed, then you can calculate your business expenses for tax deduction purposes.
