The 3 Best IRS Mileage Trackers in USA for 2022/2023
Mileage trackers are becoming increasingly popular as people look for ways to save money on their commute. By tracking routes and distances travelled, drivers can see how much they spend on gas and adjust their driving habits accordingly.
Mileage tracking isn't just about how much drivers spend on gas - it's also an essential part of accurate tax reporting. The Internal Revenue Service (IRS) recommends drivers to keep track of their mileage for deductions come tax time since the agency allows deduction of a certain amount for every mile driven for work-related purposes. With the IRS increasing the mileage rate from the 1st of July 2022 from 58.5c to 62.5c you may be tempted to stick with the Standard Mileage Method, however, by tracking your mileage when tax time comes around again you'll have all of the compliant mileage data available to you to switch over to the Actual Mileage Method to claim a much larger reimbursement. Whether you are self-employed, a contractor, or small business owner/small corporation, small fleet owner or a professional driver for Uber, Lyft, Ubereats, Grubhub, Amazon for instance, it makes more financial sense to track your miles to put you in the best position come tax time.
Manual mileage tracking is a thing of the past. Technological innovation has transformed how we track mileage these days, saving us valuable time and ensuring we stay "bulletproof" when the IRS comes knocking, and with an additional 87,000 IRS agents coming onboard due to the new Inflation Reduction Act (IRA) 2022, there is a real reason to keep your documents in order. There is a growing list of apps and electronic devices dedicated to accurately keeping tabs on driving-related data, and we picked three of the best in 2022 to help you with your research. Many have found these apps and devices favorable, so it's unsurprising that about 43% of American drivers now use mileage tracking apps and gadgets to record their use and expenses.
While more than half are tracking manually, it's only a matter of time before every driver records mileage electronically. With that in mind, here are the three best IRS mileage trackers this 2022.
GOFAR: 4.7 stars
Key Features:IRS-compliant Auto tracks every trip Has fuel receipt capture capability Has secure cloud backup Monitors car health Compatible with iOS and Android 60 days free returns policy
GOFAR is sold in 72 countries and received several accolades from award-giving bodies, like the Good Design award and the Australian Road Safety Foundation Technology. The company also received distinctions from Chartered Accountants Australia, New Zealand Accounting Tech, National Roads Expo, Kickstarter Staff Pick, and Seedstars Australia. GOFAR has also received praise from Forbes upon their fuel saving features. Undoubtedly, it is one of the best trackers in the Land Down Under, and now it's also set to take on the United States, already growing popular in New York and Texas for its unique and reliable system.
This all-in-one, fully automated mileage tracker is packed with features way beyond the usual app. Not only does it track expenses and miles driven with 100% reliability due to its patented plug in tracker, but it also has the capacity to monitor the vehicle's health to save the driver thousands on unnoticed car issues and provide real-time feedback to drivers on how to improve eco-driving and reduce fuel consumption (Requires the optional Ray Device). According to user data, GOFAR has helped drivers slash fuel use by up to 9%, reducing carbon dioxide emissions.
GOFAR can perform these functions unavailable to other mileage trackers, even the big players, because the plug-in device 'talks directly to the car's computer.' This revolutionary feature allows the app to function without relying on GPS services, therefore eradicating the need for the app to stay open and preventing faster battery drain of the driver's phone.
This key feature enables GOFAR to be a true "Plug'n'Drive" device, which means drivers don't have to manually set it up each time they travel, earning it the crown for the easiest mileage tracker in the world. This is critical for individuals looking to save the most money during tax time for the least amount of effort. One user commends the product for this feature with an app review that says:
"Two years ago, I lost my mileage tracking book, where I was writing my work trips, and I lost thousands. So I got GOFAR, which captures every trip for me and saves it to the cloud, ready for tax time."
It's not surprising that this multi-awarded device has attracted the attention of many drivers in the US, Canada and the UK.
MileIQ: 4.4 stars
Key Features:IRS-compliant Has secure cloud back-up Compatible with iOS and Android Automatically logs and tracks miles
MileIQ is one of the most popular mileage tracking apps today. It uses GPS-backed drive-detection technology to automatically track and record miles traveled and calculate the value for tax deductions.
The app is known for helping drivers organize their trips and categorize them into personal or business, which helps pull reports for tax refunds, deductions, and reimbursements. It can also store data securely in the cloud. Essentially, MileIQ performs everything expected of a mileage tracker but in a polished and easy-to-use functionality.
On the other hand, a notable downside to MileIQ is that it only works when the GPS is turned on and the app is running draining your cellphone's battery.
Everlance: 4.5 stars
Key Features:IRS-compliant Compatible with iOS and Android Exports report in PDF and spreadsheet format
Everlance is classified as one of the best mileage trackers for 2022 because of its simplicity and uncomplicated user interface. The app can detect and classify frequent places and trips. Users can also set rules for trip classification based on work hours and commutes.
Employees can take photos of their fuel receipts and upload them to the cloud, along with their bank details for automatic expense tracking. This makes it easy for managers to access trip details such as locations, times, and routes.
Like GOFAR and MileIQ, Everlance is used for monitoring mileage and calculating tax deductions. This app's downside is that drivers need to turn on GPS and let the app run in the background similar to MileIQ to track the drive, draining the phone's battery. Some users have also reported that Everlance occasionally fails to start automatically at the start of a trip.
Choosing the best device/app
Drivers looking for the best mileage tracker might be overwhelmed with their choices. It all boils down to personal circumstances, preferences, and budget.
There are many mileage trackers on the market, but GOFAR appears to be the best option in terms of functionality, accuracy and more bang for your buck with its All-In-One features.
Regarding their prices, Everlance is the most expensive with their annual plan costing $118, while MileIQ offers their annual plan for $59. GOFAR's annual plan is just $85 but keep in mind it also comes with car health monitoring and eco-driving features can be unlocked by adding on the Ray device. You do also need to pay a one off cost for the device of $69, however, they are offering their device for free in a limited promotion.
Our top pick is GOFAR as it's the only tracker in the market that offers 100% accuracy due to its car connected device and when tracking every mile matters for reimbursement with the IRS then GOFAR wins hands down. To check if GOFAR is still offering a free device visit: https://try.gofar.co/logbook-usa.
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