The optional standard mileage rates for business use of a vehicle will decrease slightly in 2020 after increasing significantly in 2019, the IRS announced on Tuesday (Notice 2020-05). For business use ...

The Internal Revenue Service issued the 2020 optional standard mileage rates Tuesday that taxpayers and tax professionals can use to calculate the deductible costs of operating an automobile for ...

The most common types of vehicle programs include a flat car allowance program, a mileage reimbursement program, and Fixed and Variable Rate Reimbursement (FAVR) programs. (Photo: Shutterstock) The ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. If you don’t have a fleet of company vehicles and ...