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

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

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 ...

The IRS has decided to boost the standard mileage rate for drivers who also use their vehicle for business purposes in 2025. Here's what it means. Despite the fact that gasoline prices are about 3 ...

The Internal Revenue Service (IRS) has unveiled the 2025 business mileage standard rate of 70 cents, leveraging data from Motus1, the leader in vehicle reimbursement and driver risk mitigation ...

The IRS announced Friday that it was responding to the high price of gasoline by raising the mileage rate for business-expense deductions. Effective September 1st, the rate jumps from 40.5 cents a ...

Despite the fact that gasoline prices are about 3.4% lower than a year ago nationwide, the Internal Revenue Service will increase the optional standard mileage rate used by individuals for ...

These include white papers, government data ... Internal Revenue Service. "Standard Mileage Rates." Internal Revenue Service. "Topic No. 510 Business Use of Car." Internal Revenue Service.

BOSTON, December 19, 2024--(BUSINESS WIRE)--The Internal Revenue Service (IRS) has unveiled the 2025 business mileage standard rate of 70 cents, leveraging data from Motus 1, the leader in vehicle ...

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 ...