First off, let’s talk about why these mileage rates matter. For many small businesses, especially those relying on vehicles, ...
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IRS mileage reimbursement rate: 2026 standard mileage rates and how to use them
The IRS mileage reimbursement rate allows eligible taxpayers to deduct vehicle use for qualifying purposes. Learn which trips ...
Many drivers do not claim the mileage deduction on their federal income tax returns. Companies that reimburse their employees for mileage driven for business often follow the IRS mileage rate. Most ...
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 ...
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Mileage tax deduction: How to deduct gas and vehicle expenses in 2026
The mileage tax deduction can lower your tax bill if you qualify. Learn who’s eligible, which method saves more and how to ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The IRS is raising the standard ...
The optional standard mileage rate for business use of automobiles will increase 2.5 cents next year, while the mileage rate for vehicles used for medical purposes will decrease half a cent, the IRS ...
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