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 ...

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

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 ...

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

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 ...

The Internal Revenue Service issued the 2025 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes.

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 ...

The IRS standard mileage deduction for vehicle business use applies in 2025 whether you drive an all-electric, hybrid or standard gasoline-powered vehicle.