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 ...

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

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 optional standard mileage rate for automobiles driven for business will increase 3 cents in 2025, the Internal Revenue Service said Thursday, but the mileage rates for vehicles used for other ...

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. In the past, taxpayers had more options to ...