Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write off 70 cents per mile in 2025, the IRS has announced. That is up 3 cents ...

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday ...

A basic explainer of the business mileage standard rate, plus a look at what led the IRS to change the rate this year.

Because mileage reimbursements are typically tax-deductible, the Internal Revenue Service, or IRS, provides specific guidelines around how companies should log mileage.‍ The IRS also publishes a ...

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 ...