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

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 ...

“Those are itemized deductions,” says Nicole Davis, a certified public accountant and founder of Butler-Davis Tax & Accounting. “That mileage rate is a lot lower than the business mileage rate.

With most pandemic-era policy changes in the rearview mirror, the 2025 tax season is mostly business as usual.

To enroll, troops should visit fsafeds.gov, select “Qualifying Life Event” from the “enroll” drop down menu, then choose the ...

President Trump and Elon Musk aim to slash the IRS budget and workforce. VITA (Volunteer Income Tax Assistance) is a cost ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating ... for third-party settlement organizations, will treat 2024 and 2025 as transition years.

The standard mileage rate for 2025 is 70 cents per mile for business use, 14 cents for charity use and 21 cents for military moving or medical purposes, according to the IRS. These rates will be ...