Driving can be more than just a part of your daily routine — it can also give you a deduction on your tax return. If you drive as part of your business, while volunteering for a charitable ...

Optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes are going up for next year, according to the ...

The 2023 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes have increased or ...

The Internal Revenue Service (IRS) has released the eagerly awaited mileage rates for self-employed individuals for the tax years 2023 and 2024. TRAVERSE CITY, MI, US ...

The Internal Revenue Service is boosting its optional standard mileage rate for 2024. Beginning Jan. 1, 2024, the standard mileage rates for the use of a motor vehicle will be: These rates, used to ...

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, up 1.5 cents ...

Shortly before the new year, the IRS announced annual increases to the standard mileage rates organizations use to calculate the deductible costs of certain vehicle operations. The rate for business ...