Welcome to 2012! Even though it's potentially a few months before you start putting together your taxes for 2011, right now is the time to start your 2012 taxes the right way by tracking ALL your business miles, charity miles, and medical miles. And MileBug is here for you to do just that.
How does $1000 tax deduction sound?
The IRS left the very nice tax deduction rate for business miles at $0.555/mile. That's $5.55 for every 10 miles you drive your personal vehicle for business purposes. If you average 10 miles per trip, and 2 trips per week, that's over 1000 miles on the year for a very respectable tax deduction of over $550! If you drive more than a couple trips per week and they average more than 20-30 miles or more, then you're looking at well over a $1000 deduction. And who couldn't use that?
"Favorite Trips" make logging the short trips easy and thus profitable, too!
What about the little trips? The short trips to the supply store, or to the post office? Too much hassle? Not with MileBug. And the little trips add up, too. Set up a Favorite Trip for each of these common outings, and it's a quick few taps to log the trip. Two to three miles here, 3-4 miles there...and you have another hundred or more on your tax deduction.
MileBug on iOS (iPhone), Android, and very soon Windows Phone 7
Apple and Google have emerged as the giants in the mobile app world with iPhone apps and Android apps. MileBug is available for both. Microsoft is making great efforts to join the party with the new Windows Phone 7, and MileBug is almost there, too. It's been submitted...just awaits approval and release from the Microsoft powers that be. We're upgrading both iPhone and Android versions, too. So keep the feature requests coming!
Happy New Year everyone! Let's make it great!