To claim the standard mileage deduction, you must maintain a log of your qualifying miles. Mileage rates for the 2025 tax year include: To claim the deduction for vehicle expenses, you must retain ...

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

The new rate kicks in beginning Jan. 1 and it would apply to 2025 tax returns that would be filed in 2026. The IRS standard ...

Mileage deductions can add up to significant savings for taxpayers. Self-employed workers and business owners are eligible for the largest tax-deductible mileage rate. Mileage can be deducted for ...

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

The IRS allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving purposes — but there are several important rules to know. Many, or all, of the ...

With the IRS business mileage rate set at 70 cents per mile for 2025, every mile accurately tracked translates into significant savings. Mileage tracker apps have become indispensable tools for ...

The IRS allows taxpayers to claim deductions for the use of a vehicle. The standard mileage deduction requires you to log odometer readings from the beginning and end of a qualifying trip ...

The IRS standard mileage rate is a key benchmark that's used by the federal government and used by many businesses to reimburse their employees for their out-of-pocket mileage expenses.