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 ...

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a ...

The standard mileage rate for 2024 is 67 cents per mile for business use, 14 cents for charity use and 21 cents for military moving or medical purposes, according to the IRS. This can be claimed ...

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

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

If you opt for the standard mileage rate (67 cents per mile for tax year 2024), you calculate your deduction based on the ...