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

The Internal Revenue Service issued the 2025 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes.

In 2024, the mileage rate was 67 cents a mile. Where can you download IRS tax forms? To download official IRS forms, go to the IRS website. If you know the form you need, enter the number into the ...

The optional standard mileage rate for automobiles driven for business will increase 3 cents in 2025, the Internal Revenue Service said Thursday ... variable costs from the annual study. Under the Tax ...

You may also use more than one rate on your tax return. To use the rates, simply multiply the standard mileage rates by the number of miles traveled. Let’s say, for example, that you drive ...

The new rate kicks in beginning Jan. 1 and it would apply to 2025 tax returns that would be filed in 2026. The IRS standard mileage rate is a key benchmark that's used by the federal government ...

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.