You may remember when I originally introduced Outright to the readers of my blog. At the time, they were offering a free promotion ( your own domain address ) to try their free program. ( yes, this is all free! )
Besides just sharing that you could get a free web address, I really wanted to pass on the information about this great program.
Many of you are taking part in money earners that I have discussed on my site. Whether this is Online Offers, Blogging, Mystery Shopping, Surveys, Market Research, etc, you are earning money and will have expenses you can deduct.
Based on what I have heard from many of my readers, you have exceeded that $600 threshold so that the companies will need to report your income to the IRS, which means you will be receiving your 1099s after the first of the year.
But, are you ready with your deductions? Do you have any idea how much tax you might owe ( so you have been setting it aside ). Have you tracked you income, so you are sure everything matches up?
Outright is great for this. I use it myself, and it automatically estimates what I will owe for taxes and I can input all my deductions as they happen, so I don't forget about them. I log everything here.
Well, I am happy to report, they just added a new feature...mileage tracker! Yay!
Remember, if you drive to a Mystery Shop and back, that mileage is deductible. Did you need to go somewhere for your Market Research company? Did you need to pick your $500 gift card up from the Fed Ex location? What about running to the post office to mail your redemption forms? Did you go to a Blogging Conference?
I LOVE this addition to their program. You input your address and then the address of the location you are going. Hit get mileage and it immediately calculates your deduction based on the rate from the IRS. Then it has a spot for the date and trip details to categorize it. You click save, and it will pull in with all your income and expenses to update your records and estimates for taxes owed for the year.
If you haven't used this free program yet, I highly recommend it. If you are already using it, make sure you go check out this new feature!
Click here to sign up for free with Outright!
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Saturday, December 5, 2009
Free Mileage Tracker Software for All!
Posted by Carrie @ Moneysavingmethods.com at 4:18 PM
Labels: Affiliates, Market Research, Mystery Shopping, Online Offers, Surveys
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3 comments:
Okay, I have been mystery shopping for years!
Never earned over $600 for it, but I've never heard about deducting your mileage for them either!
DUH! Guess I'll start keeping track in 2010!
Thanks Carrie!!!!
so i signed up for this and could really use this expense tracker. however...i could not get the mileage tracker to work. Is anyone else having this problem??
Tina,
What is happening?
I have been using it, and it is populating my mileage very quickly.
Is it when you go to put the addresses in, or is it not pulling into your expense sheet?
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