It’s meant to simplify how taxpayers — businesses and individuals — calculate their deductible mileage costs. IRS Standard Mileage Rates for 2024 In December 2023, the IRS announced the ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024.

December 23, 2024 - WASHINGTON — The Internal Revenue Service has announced that the optional standard mileage rate for ...

The optional standard mileage rate for automobiles driven for business will increase 3 cents in 2025, the Internal Revenue ...

Learn about the best tax write-offs for small businesses and self-employed individuals to maximize your deductions and reduce ...

The AA Mileage Calculator has been launched following recent research that shows one in two drivers think their expense claims are wrong and is intended to provide employers and employees with ...

The Internal Revenue Service is increasing the "optional standard mileage rate" used to calculate tax deductions by 3 cents a ...

Optional standard mileage rates are used to calculate the deductible costs of operating vehicles for business, charitable and medical purposes, as well as for active-duty members of the Armed Forces ...

Mr Molden previously added: “Taxing a car on a combination of its weight and mileage offers a simple, potentially universal ...

The Internal Revenue Service (IRS) has announced updated optional standard mileage rates for 2025, affecting taxpayers using ...

If you have big aspirations for 2025—a big deadlift, a marathon, a change in the size of your body—here's how you should plan out your goals.

Vehicles with diesel engines can be highly efficient and worth the investment, but there are several factors to take into ...