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

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

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

The IRS mileage reimbursement rate is a deduction you can take for using a vehicle for qualifying purposes. Find out if you ...

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 ...

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.

It’s meant to simplify how taxpayers — businesses and individuals — calculate their deductible mileage costs. IRS Standard Mileage Rates for 2024 In December 2023, the IRS announced the ...