(NewsNation) — If you drive a car, like the more than 200 million other Americans, you could catch a break — a tax break, that is. The Internal Revenue Service offers many tax deduction options for ...

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 ...

The IRS mileage rate tax deduction is critical for many individuals and businesses. Understanding the current rates can lead to significant tax savings. TRAVERSE CITY ...

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.

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 ...

Mileage reimbursement is the process of compensating employees who use their personal vehicle for business purposes. It helps cover car-related expenses like gas, maintenance, wear and tear, and more.