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Documentation Index

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The Mileage Tracking view provides an interface for tracking business mileage, categorizing trips, and calculating tax deductions. Mileage Tracking 
import { MileageTracking } from '@layerfi/components'

<MileageTracking />

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Features

  • Mileage Summary Statistics: Overview of total deduction, miles, and trips
  • Category Breakdown: Business, personal, and uncategorized trips
  • Monthly Deduction Chart: Visual representation of mileage deductions by month
  • Trip Management: Detailed list of tracked trips with categorization
  • Year Selection: Filter trips and statistics by tax year
  • Tax Deduction Calculation: Automatic calculation using IRS standard mileage rate

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Usage Examples

Basic usage: 
<MileageTracking />
Without title header: 
<MileageTracking showTitle={false} />

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Properties

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showTitle
boolean
default:"true"
Whether to display the page title header “Mileage Tracking”.

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Component Structure

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MileageTrackingStats

Summary statistics and chart:
  • Total Deduction: Estimated tax deduction based on business miles
  • Total Miles: Business, personal, and uncategorized miles
  • Total Trips: Count of trips by category
  • Monthly Chart: Bar chart showing monthly mileage deductions

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Trips

Detailed trip list:
  • Trip date, time, and locations
  • Distance traveled
  • Trip category (Business, Personal, Uncategorized)
  • Categorization and editing capabilities

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Deduction Calculation

Deductions are calculated using the IRS standard mileage rate:
  • Only business-categorized miles contribute to deductions
  • Example (2024 rate of 0.67/mile):1,000businessmiles=0.67/mile): 1,000 business miles = 670 deduction
  • Personal and uncategorized miles do not contribute to deductions

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Trip Categorization

  • Business: Miles for business purposes (tax deductible)
  • Personal: Personal travel (not deductible)
  • Uncategorized: Trips awaiting categorization