Good news for those who are eligible to deduct business miles. Not so much for medical and moving miles. Posted: January 14, 2025 | Last updated: January 14, 2025 ...

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

A basic explainer of the business mileage standard rate, plus a look at what led the IRS to change the rate this year.

SARASOTA, FLORIDA / ACCESSWIRE / January 14, 2025 / As tax season approaches, self-employed individuals, freelancers, and small business owners face the challenge of keeping accurate records for milea ...

The IRS standard mileage rate is a key benchmark that's used by the federal government and used by many businesses to reimburse their employees for their out-of-pocket mileage expenses.

That means the standard mileage rate for business use is now 70 cents per mile, up from 67 cents in 2024. However, the IRS said that its other standard mileage rates in 2025 will remain unchanged ...

Getty Images, miodrag ignjatovic “Mileage allowance” is a term used by the Internal Revenue Service (IRS) to refer to the tax deduction available for taxpayers who use their personal vehicles ...

You can listen to recorded messages covering more than 100 tax topics by calling the IRS TeleTax number, 1-800-829-4477. Topics include items such as: The standard mileage rate for transportation ...

Taxpayers may submit returns to the IRS starting Jan. 27, 2025. Free filing services are available. Here's what you need to ...