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.

Drivers may be able to claim back more in expenses for mileage, after Rachel Reeves said she was considering increasing the minimum tax-free amount. The Chancellor said she understood driving costs ...

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 ...

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 ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...