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 ...

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.

SARASOTA, FLORIDA / ACCESSWIRE / / As tax season approaches, self-employed individuals, freelancers, and small business ...

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 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 ...

Text Callout : Key Takeaways - Everything You Need to Know About Claiming a Mileage Tax Deduction Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but ...