The new rates apply to mileage on or after July 1, 2026, and will be reflected on 2026 federal income tax returns filed next year.

Higher fuel prices prompted the IRS to raise the business, medical, and qualified moving rates for mileage on or after July 1, 2026.

Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.

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 ...

It's worth taking a few minutes to shop around for a low-mileage policy—you could end up saving a good chunk of change. We ...

One of 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.

The IRS recognizes the value of supporting worthy nonprofit organizations. This recognition is why the IRS allows taxpayers to deduct charitable giving and also allows deductions for certain expenses ...

We may receive a commission on purchases made from links. If your vehicle is due for an oil change, the oil of choice is either synthetic or conventional motor oil. But if your car's odometer is over ...

If any part of running your small business requires driving, a good mileage tracker app is a must. Mileage trackers not only track miles, but they also log them into a tax-friendly format that you can ...