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 70 ...

Good news for those who are eligible to deduct business miles. Not so much for medical and moving miles.

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for plenty of ...

Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. Mileage for ...

WASHINGTON — The IRS is increasing the standard mileage rate for commuters driving on business, meaning some employees could see an increase in their reimbursement checks this year or a lower tax bill ...

The standard mileage rate for the business use of a car, truck, van or other vehicle will increase by 2.5 cents in 2026. The IRS announced Monday that beginning Jan. 1, the standard mileage rate for a ...