The Internal Revenue Service is increasing the "optional standard mileage rate" used to calculate tax deductions by 3 cents a ...

The IRS has announced its 2025 standard mileage rates. Standard mileage rates are used to calculate the amount of a business, ...

This figure is used in conjunction with the odometer reading at the beginning of the year to calculate the total miles driven ...

Source: The College Investor The IRS just released their standard mileage rates for 2025. There was an increase of 3 cents ...

The optional standard mileage rate for automobiles driven for business will increase 3 cents in 2025, the Internal Revenue ...

Taxpayers may want to calculate which option will result in the higher deduction, but for most, deducting mileage is easier and will result in greater tax savings. “The standard mileage ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024.

To calculate the fuel benefit tax you'll need to know the benefit-in ... where their employer pays for fuel used for personal mileage, do have to pay fuel benefit tax. The Van Fuel Benefit Charge ...