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 ...

Here are the historical IRS mileage rates for context, broken out by business mileage, charity mileage, and medical or moving ...

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for plenty of ...

The standard mileage rate for 2024 is 67 cents per mile for business use, 14 cents for charity use and 21 cents for military ...

In response to rapidly rising gas prices, the IRS took the unusual step of increasing the standard mileage rates in the middle of the year (they're normally adjusted for inflation only once per year).

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write off 70 cents per mile in 2025, the IRS has announced. That is up 3 cents – or ...