Despite the fact that gasoline prices are about 3.4% lower than a year ago nationwide, the Internal Revenue Service will increase the optional standard mileage rate used by individuals for automobiles ...

The optional standard mileage rate for automobiles driven for business will increase 3 cents in 2025, the Internal Revenue Service said Thursday, but the mileage rates for vehicles used for other ...

Driving can be more than just a part of your daily routine — it can also give you a deduction on your tax return. If you ...

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 70 ...

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for plenty of ...

(WHNT) — The IRS is increasing optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. In a release on ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The IRS has decided to boost the ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (WHNT) — The IRS is increasing optional ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The standard business ...