medical expense tracker spreadsheets free printable pdf

#Medical expense tracker spreadsheets free printable pdf update#

If you fail to adequately supply any of these things, your tax deduction would be disallowed. If your mileage deduction is ever challenged, this is what the IRS is going to expect to see included on your log: (We’ll talk some more about odometer readings down below!) What does the IRS require from your mileage log?

#Medical expense tracker spreadsheets free printable pdf update#

The “Total Mileage” box will update accordingly. If you prefer to use your odometer readings for your total miles, you can include those in the top right corner of the Dashboard. Your cumulative business and total mileage will display as well. We calculate this automatically for you, using the latest mileage rate provided by the IRS. The total tax deduction for the year will show up in the green box shown below. For instance, if it’s a routine trip but you had to stop for gas, leave a note to explain why the trip was slightly longer.Īs you begin to fill out the log, your Dashboard will automatically update.

Notes: Use this column to jot down any necessary information relating to the trip.

The running total is listed under the Dashboard.

Deduction: This column shows how much you can write-off per trip.

However, “Personal” trips will be included in the “Total Mileage” shown at the top of your Mileage Dashboard. The mileage deduction won’t calculate unless “Business” is selected.

Business or Personal: Use the dropdown menu to specify the nature of the trip.

This will be used to calculate your deduction.

Miles: Enter the exact distance you drove.

You can enter the exact address, or use a close approximation.

Start and End: The beginning and ending addresses allow the IRS to verify the mileage if required.

This is an IRS requirement, so don’t forget to jot it down! For example, if you’re going to a meeting, it could be the name of the client you’re meeting with.

Trip Name: Use this to specify the purpose of your trip.

Let’s take a look at each column, one at a time: There are a few sample lines to show you how it works. The bottom half of the log gives you plenty of room to record all your trip information.