For business vehicle drivers, one of the most crucial pieces of information released each year is the IRS mileage rate 2024.

“That mileage rate is a lot lower than the business mileage rate.” For the 2023 tax year, the IRS approved the following standard mileage ... If you're audited, the IRS will want to see a log that ...

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 announced Friday that it was responding to the high price of gasoline by raising the mileage rate for business-expense deductions. Effective September 1st, the rate jumps from 40.5 cents a ...

In response to rapidly rising gas prices, the IRS took the unusual step of increasing the standard mileage rates in the middle of the year (they're normally adjusted for inflation only once per year).

The IRS has issued the 2015 optional standard mileage allowance rates to claim a tax deduction for driving an automobile for business, charitable, medical, or moving purposes. The IRS has issued ...

The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile ...

Opinions expressed by Forbes Contributors are their own. Robert W. Wood is a tax lawyer focusing on taxes and litigation. In fact, a whopping 181 donors lobbied the State Department while Mrs ...

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.

From a tax perspective, this is most evident when looking at HMRC-approved mileage rates, particularly for those with a company vehicle. Although HMRC publishes new rates each quarter, we’re not ...

Mileage deductions can add up to significant savings for taxpayers. Self-employed workers and business owners are eligible for the largest tax-deductible mileage rate. Mileage can be deducted for ...