Starting Jan. 1, 2024 the mileage tax deduction will now be 67 cents per mile driven — up 1.5 cents from 2023. Find out if ...

The IRS has raised the 2024 optional mileage rate for personal vehicle use on business travel. The new rate is 67 cents per mile, up 1.5 cents from the most recent 2023 rate. CWRU reimbursements 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 standard business mileage rate for travel expenses has changed effective January 1, 2026. The standard business mileage rate for Travel expenses has changed. Beginning on January 1, 2026, the ...

The United States Internal Revenue Service has announced an increase in its vehicle allowance rate for 2026. The new rate is 72.5 cents per mile. This is up from 70 cents per mile in 2025. The ...

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 ...

The federal mileage deduction is supposed to be a simple proxy for what it really costs to put a car on the road for work. Yet even after the latest increase, the official rate still lags the real ...

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.