Don't leave money on the table. Track every sourcing trip and maximize your tax deductions.
Start TrackingDon't leave money on the table. Track every sourcing trip and maximize your tax deductions.
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The IRS standard mileage rate for business use is $0.70 per mile for 2026. This covers gas, maintenance, insurance, and depreciation.
The IRS standard mileage rate for business driving in 2026 is $0.70 per mile. This rate covers gas, maintenance, insurance, and depreciation all in one simple deduction.
Yes! If you're reselling as a business (even part-time), you can deduct mileage for business-related driving. This includes sourcing trips, shipping runs, and supply store visits.
Keep a log with the date, destination, business purpose, and miles driven for each trip. Flippd automatically records this for you when you track trips in the app.
A reseller driving 5,000 miles/year for sourcing could deduct $3,500 at the 2026 rate. In a 22% tax bracket, that's $770 in actual tax savings.
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