The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

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

The Internal Revenue Service (IRS) has announced updated optional standard mileage rates for 2025, affecting taxpayers using ...

The Internal Revenue Service is increasing the "optional standard mileage rate" used to calculate tax deductions by 3 cents a ...

New tax brackets and standard deductions are now in effect, which will slightly boost paychecks and lower income tax for many ...

The standard mileage rate for business is calculated using an annual study of the fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires ...

The Internal Revenue Service issued the 2025 optional standard mileage rates today for computing the deductible cost of ...

On December 19, the IRS published an updated mileage reimbursement rate for 2025: $0.70 per mile, a three cent increase from ...

December 23, 2024 - WASHINGTON — The Internal Revenue Service has announced that the optional standard mileage rate for ...