# How to track mileage

Learn how Finaloop helps you track your mileage so you get the best tax deductions you can

Written by Emily Burrows  
January 19, 2026

## About

Tracking your miles for business travel can be a great way to get extra tax savings if you're self-employed and file a Schedule C for your business.

Report your business-related trips to access your vehicle tax deduction based on the standard rate per mile. This method is an alternative for tracking your actual vehicle business expenses.

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## 1. Tracking your business mileage in Finaloop

**If you file a Schedule C** for your business (and not Forms 1120, 1120-S, or 1065), here's how to track your mileage in Finaloop.

1. [Sign in](https://home.finaloop.com/auth) to your account.
2. On the left-side menu, select **Money Savers**, then select **Track Mileage** to report your business-related trips.
3. Click **Add New Trip.**
4. Enter the requested details: Date of the trip, distance traveled, and description. We'll automatically calculate the amount using the rate per mile published by the IRS for the relevant year.

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## 2. FAQ related to tracking your business mileage

### Which miles count?

Business miles you travel that are 'ordinary and necessary' for your business can be a write-off for tax. Some examples include meetings with customers or vendors or visiting a warehouse or post office to manage your shipments. For example, if your visiting a warehouse that's 20 miles away, you can deduct 40 miles - 20 for the way there and 20 for the way back.

### How does the deduction work?

The IRS provides you 2 options to calculate your deduction for car expenses:

1. **Actual expenses** - parking & tolls, gas, vehicle insurance, vehicle lease payments, vehicle loan interest, registration, repairs, wash & road services.
2. **Standard mileage** - Standard mileage rate per mile + parking & tolls

For 2025, the rate is 70 cents per mile.