The Internal Revenue Service has increased the optional standard mileage rate for business use of automobiles for 2026.

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 ...

In accordance with the IRS mileage deduction allowance, reimbursement for mileage incurred during business travel is a benefit that many employers offer, and if your employees travel by car frequently ...

When employees use their personal vehicles for work-related travel, they incur considerable expense. Typically, it's in the employer's best interest to pay a mileage reimbursement allowance to attract ...

The 2025 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes have increased or ...

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 IRS has given at least one tiny glimmer of hope for your finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs. On Dec. 14, 2023, the agency ...

The Internal Revenue Service announced the new standard mileage rate for 2026. These rates apply to 2026 tax returns that would be filed in 2027.

The Internal Revenue Services (IRS) just announced that the standard mileage rate for business driving will be increasing in 2026—a change that will help millions of Americans fight inflation. To ...