Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

The IRS allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving purposes — but there are several important rules to know. Many, or all, of the ...

December 23, 2024 - WASHINGTON — The Internal Revenue Service has announced that the optional standard mileage rate for ...

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.