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Make Some Money On Those Miles

By on March 30, 2010

For every mile you drive, your car loses some value.  It’s called depreciation and it’s a reality of life.  Of course, not all those miles are the same.  The IRS deems some of those miles as tax deductible.  That’s right, your pals at the IRS will let you deduct 55 cents for every mile that you use for business, 24 cents for every mile you use for medical or moving related reasons and 14 cents per mile used for charitable reasons.  If you drive a lot of miles, this could really add up to some serious coin and all you’ve got to do is document when, where and why you used those miles.

The problem, of course, is that most of us won’t invest the energy and the effort to record all those miles and keep them separate.  Well, that’s where Automilez comes in.  This site and iphone app work together to make the process of recording and documenting those miles as painless as possible.

The app works just like you’d think and the site generates some pretty detailed reports.  The app is free but the site (which is required for the app to work) is $36 a year so you’d have to do the math to make sure the number of miles you typically put on your vehicle in a year make this app/service combo a good choice for you.

You can check it all out at Automilez.com.

DISCLAIMER: PG isn’t H&R Block and we don’t give tax advice.  We understand that mileage to and from work isn’t deductible but mileage acquired while working is.  Anyway, the tax code is complicated and you’d best talk to someone with some tax smarts.  Still, this app could really help once you knew what you were looking to document.

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