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 ...

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

The IRS just released their standard mileage rates for 2025. There was an increase of 3 cents from 2024 for the standard business rate, while medical, moving, and charity rates remained the same.

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

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

IRS Standard Mileage Rates for 2024 In December 2023 ... you can also use a mileage calculator to calculate your mileage reimbursement. Understanding the IRS reimbursable mileage rate is one ...

However, on rare occasions, the IRS might adjust rates mid-year to account for inflation or other economic factors. This most recently happened in 2022 and 2011. However, the standard mileage rate ...

Mileage reimbursement is the process of compensating employees who use their personal vehicle for business purposes. It helps cover car-related expenses like gas, maintenance, wear and tear, and more.

New tax brackets and standard deductions are now in effect ... retirement plans in 2025 and a 3-cent increase to the mileage rate. Zoom in: By adjusting the tax brackets — as the IRS does ...