Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. Mileage for ...

Good news for those who are eligible to deduct business miles. Not so much for medical and moving miles.

The federal Congressional Research Service has issued a report for members of the House and Senate that reviews the tax provisions for people who use their cars, trucks, and other vehicles as part of ...

Driving for business, charity or medical reasons this year? You may be able to deduct those miles on your taxes using the IRS standard mileage rate. For 2024/25, these rates have changed, and knowing ...

The IRS has announced the 2026 mileage rates that may be used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Specifically, as of ...

WASHINGTON, D.C. — The Internal Revenue Service announced this week that it will adjust its optional standard mileage rates for 2026, increasing the deduction for business travel while lowering the ...

People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the standard mileage rate for ...

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. The IRS has announced its 2026 ...

File My Taxes Online, is excited to announce the recent update by the Internal Revenue Service (IRS) regarding the mileage tax deduction for the tax year 2023 ...

One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...