The IRS mileage reimbursement rate allows eligible taxpayers to deduct vehicle use for qualifying purposes. Learn which trips qualify and who can claim it.
The mileage tax deduction can lower your tax bill if you qualify. Learn who’s eligible, which method saves more and how to ...
California drivers and Republican legislators are furious over a Democrat-led proposal that could see motorists taxed for ...
California’s mileage tax pilot began in 2014. In 2026, it’s still “studying.” AB 1421 extends it to 2035—proof that ...
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 ...
Bianca started her massage therapy business three years ago after getting her license. She began by offering in-home services to the local area. However, as more referrals poured in, her business ...
In response to rapidly rising gas prices, the IRS took the unusual step of increasing the standard mileage rates in the middle of the year (they're normally adjusted for inflation only once per year).
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected ...
When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...
Transportation Secretary Ray LaHood has proposed taxing drivers based on mileage, rather than gas consumption, to finance road maintenance. But White House Press Secretary Robert Gibbs has said such a ...