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

The IRS allows taxpayers to claim deductions for the use of a vehicle. The standard mileage deduction requires you to log odometer readings from the beginning and end of a qualifying trip ...

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to ...

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 ...

Mileage deductions can add up to significant savings for taxpayers. Self-employed workers and business owners are eligible for the largest tax-deductible mileage rate. Mileage can be deducted for ...