Free Mileage Log Template for US Real Estate Agents
As a real estate agent, you are constantly on the move, visiting properties, meeting clients, and attending events. With all the driving you do, it's important to keep track of your mileage for tax purposes.
Real estate mileage log template - Excel, Sheets and PDF
A mileage log is a simple way to keep track of your miles driven for business purposes. We provide you with a template for a real estate agent mileage log and discuss the benefits of using a real estate mileage tracker.
Get the real estate mileage log as a PDF, Sheets or Excel.
The template includes the date of travel, the destination, the purpose of the trip, the starting and ending mileage, and the total miles driven for business purposes. The template uses the standard IRS mileage rate for 2024.
Using a real estate mileage log template can save you time and help you stay organized throughout the year. It can also make it easier to calculate your deductible mileage at the end of the year. By keeping track of your mileage, you can also ensure that you are reimbursed for any business-related expenses by your employer or clients.
Other methods of tracking mileage as a realtor
In addition to the template, there are other tools you can use to track your mileage, such as mobile apps or GPS tracking devices. Whatever method you choose, make sure to keep accurate and up-to-date records of your business-related travel.
Benefits of using a real estate mileage tracker
Accurate Records: With a mileage tracker, you can keep track of all your business-related trips, including the date, destination, and purpose. This ensures that you have an accurate record of your mileage for tax purposes.
Time-Saving: A mileage tracker can save you time by automating the process of logging your trips. Instead of manually recording your mileage in a notebook or spreadsheet, you can use an app or software to track your mileage automatically.
Tax Deductions: As a real estate agent, you can deduct your business-related driving expenses from your taxes. Keeping accurate records of your mileage can help you maximize your deductions and reduce your tax liability.
Peace of Mind: By using a mileage tracker, you can have peace of mind knowing that you have an accurate record of your business-related trips. This can be helpful in case of an audit or if you need to provide documentation to your accountant.
Automate your logbook
Mileage reimbursement in the US — rates and rules for employees, self-employed and employers in the US.
The standard mileage rate for business will be 67 cents per mile, effective Jan. 1st, 2024 - up 1.5 cents from the 2023 rate of 65.5 cents.
Find out if you fall into one of the groups of employed individuals who can claim mileage on taxes in the US in 2024.