The IRS adjusts the mileage rate annually, considering factors such as gas prices, vehicle maintenance costs, and depreciation. For the 2024 tax year ... by federal law and is meant to reimburse ...

Self-employed workers and business owners are eligible for the largest tax-deductible mileage rate. Mileage can be deducted for volunteer work and medical care, but IRS restrictions limit the ...

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

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.

The Internal Revenue Service ended 2024 with new regulations on reporting cryptocurrency transactions, amendments for ...