The 2025 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, ...

The IRS is raising the 2025 business mileage rate to 70 cents per mile. Families and businesses must adapt to ensure fair ...

WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced updated optional standard mileage rates for 2025, affecting taxpayers using automobiles for business, medical, moving ...

You can either use the IRS’s standard rate or deduct actual costs, but you need to keep accurate records to ensure the deductions are legitimate. Personal mileage, such as commuting to work ...

The IRS has decided to boost the standard mileage rate for drivers who also use their vehicle for business purposes in 2025. Here's what it means. Despite the fact that gasoline prices are about 3 ...

However, if a student documents the distance from home to school and work is greater than the standard allowance, some colleges will use the IRS business mileage rate for calculating the ...

If you work for a company that doesn't reimburse your mileage now, though, be warned that you cannot use the IRS business standard mileage rate to claim an itemized deduction for unreimbursed ...