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

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 ...

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 from ...

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 ...

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

We looked for apps that generate IRS-compliant mileage logs, offer detailed trip categorizations (business vs. personal), and allow customization to meet reporting needs. Audit-proof reports and clear ...

The 2025 tax season is right around the corner. The Internal Revenue Service (IRS) announced it will begin accepting returns ...

The board approved the 2025 mileage rate at the current IRS rate of 70 cents per mile for all union and non-union employees. The athletic mileage was approved at 32 cents per mile.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Filers have two choices. They can use the standard mileage rate, which means multiplying the IRS mileage rate for the tax year by the number of business-qualifying miles driven. The mileage rate ...