American based app developer; Mileage2Go has developed a smart solution to calculate mileage of vehicles, making it easier to get miles driven each year.
The Internal Revenue Service has issued the 2020 tax year standard mileage rate of 57.5. This rate is used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Mileage has become an important component of determining tax deductions and the second-hand value of a car. While mileage is one component of a vehicle’s health, many people see it also a measure of reliability and durability, as well as a measure of fuel economy.
Mileage2Go uses Google Calendar entries and calculates the mileage to and from a starting point selected by the driver. With the Mileage2Go solution, filing expense reports just got easier.
“Mileage2Go is a great tool to calculate mileage for tax deductions and for expense reports,” the app developer said in a statement on its website.
Drivers do not have to remember to turn anything on or off when they are traveling. They don’t have to look up every distance between two appointments.
To use this innovative mileage calculator, drivers simply log the event on their Google Calendar. When a vehicle user is ready to figure out their mileage, they simply sign into their Mileage2Go account, select their starting point and the timeframe they want to use and Mileage2Go will create a report of the trips they have taken directly from their Google Calendar and provide the mileage. All they have to do is review and analyze entries.
For those who does not use Google calendar, they can import their data with Excel format.
Mileage2Go also allows users to upload spreadsheets to get their mileage in a particular format.
Mileage2Go has subscription packages for one month, 3 months and 12 months. . One can select any one week of calendar entries for free to try out this service and will be able to download a report which will show the mileage calculated.