The IRS allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving purposes — but there are several important rules to know. Many, or all, of the ...

Igor is an experienced finance journalist. He has covered U.S. and global financial markets, business, and economics as an editor and columnist for more than two decades. Inflation at 40-year ...

The IRS just released their standard mileage rates for 2025. There was an increase of 3 cents from 2024 for the standard ...

The effort to avoid increasing audit rates on those making under $400,000, compared with historical levels, starts with 2023 ...

The IRS classifies cryptocurrency as property, and transactions are taxable events if gains are realized. Crypto profits are taxed as short-term or long-term capital gains, depending on your ...

In March 2023, the IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families ...

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write off 70 cents per mile in 2025, the IRS has announced. That is up 3 cents ...