Category: Tax Savings

Did you know tracking the miles you drive for business could save you thousands on taxes? Drive 10,000 business miles and you can knock about $2,600 off your bill at the highest tax bracket. In this expert review of the Mileage Ace automatic mileage tracker, we break down whether it delivers on that promise — and if it’s the right tool for you. Read to the end for a free alternative.

Follow along as Mitchell Baldridge, CPA, CFP®, and founder of BetterBookkeeping.com, helps his client Sarah legally save $4,921 in taxes using a little-known strategy called “The Augusta Rule.” Here’s how it works—and how you can use it too.