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.

The Internal Revenue Service has raised the standard mileage rate that taxpayers can use for business driving in 2026, while leaving the medical, moving and charitable rates at their prior levels. For ...

The federal mileage rate for 2026 just hit a record: 72.5 cents per mile. The IRS announced the 2.5-cent jump on December 29, ...

The Internal Revenue Service announced the new standard mileage rate for 2026. These rates apply to 2026 tax returns that ...

The IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped.

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

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 Internal Revenue Service is lifting the standard mileage allowance for 2026 to 72.5 cents per mile, a small but ...