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

California is nowhere close to replacing its gas tax with a mileage-based fee system, but that has not stopped a swath of misinformation on social media about a proposal that moved forward at the ...

Amid fierce debate online, as well as partisan divide in Sacramento, legislators clarify there will not be an added roadway ...

GOP California gubernatorial candidate Steve Hilton said if he wins he will veto a bill that would tax drivers per mile, ...

The IRS mileage reimbursement rate allows eligible taxpayers to deduct vehicle use for qualifying purposes. Learn which trips ...

The standard mileage rate for the business use of a car, truck, van or other vehicle will increase by 2.5 cents in 2026.

Plus: Bonus depreciation is back, opening a Trump account, California’s billionaire tax, Head of Household filing status, Taxes From A to Z, tax trivia and more.

The Internal Revenue Service announced new standard mileage rates for 2026. The rate for automobiles used for business purposes increased by 2.5 cents in 2026. The mileage rate for vehicles used for ...

Income tax is a government-levied tax on income generated by individuals and businesses. Taxes are used to fund public services, government obligations, and infrastructure like schools and roads.

For profitable business owners, the biggest tax risks are mis-timing and misfit. Strategies like S Corps and PTET aren’t hard to find; what’s hard is knowing, early enough, whether they actually apply ...

Filing taxes can be daunting, even overwhelming. Whether you file with help from a professional or on your own, calculating precisely what you owe to the Internal Revenue Service, or what the IRS owes ...