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 ...

The Internal Revenue Service recently announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used ...

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 ...

2025 IRS mileage rate The following IRS rates apply to electric and hybrid vehicles as well as gasoline and diesel-powered cars. 70 cents per mile driven for business use, up 3 cents from 2024.