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 split the 2026 standard mileage rate mid-year: $0.725 per mile from January through June, and $0.76 from July onward. It covers gas, maintenance, insurance, and depreciation. Flippd applies the right rate automatically from each trip's date.
There are two rates for 2026 — the IRS raised it mid-year. Business driving is $0.725 per mile (72.5 cents) from 1 January to 30 June, and $0.76 per mile (76 cents) from 1 July to 31 December. Either way it covers gas, maintenance, insurance and depreciation in one deduction, and Flippd picks the rate from the trip date so a full-year total is right without splitting it yourself.
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 $3,625 at the 2026 rate. In a 22% tax bracket, that's about $800 in actual tax savings.
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