The IRS standard mileage deduction for vehicle business use applies in 2025 whether you drive an all-electric, hybrid or standard gasoline-powered vehicle.

The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of ... a standard amount is deemed substantiated for an employer's reimbursement to employees for expenses ...

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 ...

Standard mileage rates are used to calculate the amount of a deductible business, moving, medical, or charitable expense (miles driven times the applicable rate). Taxpayers using the standard ...

The IRS sets a standard mileage rate each year that can be deducted for using your car for business, medical, charitable, or moving purposes. While you can opt for actual expense deductions ...

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