Racing isn’t just a hobby. If you treat it like a business, you can write off what it costs to race. RaceTrips is the ultimate tool to help you track your racing income and expenses, maximize your deductions, and keep more of your hard-earned winnings.
The government doesn’t mount your tires or pay your entry fees. Why are you letting them take a cut of the purse? Turn everything it takes to race into a tax deduction.
You lose the receipt, you pay the tax. You are literally throwing away tire money because you didn't snap a photo.
You worked hard for that money. Handing it over to the government because you were disorganized is like losing on the last lap.
The system taxes what you won, not what you kept. It is fundamentally wrong to pay taxes on money you already spent on the car.
You spend money on pit passes, an engine rebuild, and enough methanol to float a boat. But because you lost the receipts in the wash, the government thinks you made a "profit."
Get your bookkeeping done before the engine cools down. No spreadsheets, no shoeboxes, no late nights in April.
Every dollar you save on taxes is a dollar you don't have to beg a sponsor for.
The IRS loves to call racing a "hobby." Prove them wrong with undeniable, organized records.
Save the digital proof of every expense and income source for your racing business.
Walk into sponsor meetings with data, not just dreams. Show them what it really costs to race.
LOVE the RaceTrips app! Helps so much to see where we stand during the year instead of a mess of spreadsheets and binders of invoices.
Whether you're racing cars, karts, motorcycles, boats, or anything else, RaceTrips will work for you.
Try it out to get a feel for what the app can do. If you want to track your entire year, simply upgrade to RaceTrips Premium for unlimited trip reports and unlock every feature.
Premium
to unlock every feature after your free trial
