The IRS mileage reimbursement rate allows eligible taxpayers to deduct vehicle use for qualifying purposes. Learn which trips qualify and who can claim it.

First off, let’s talk about why these mileage rates matter. For many small businesses, especially those relying on vehicles, ...

On December 29, 2025, the IRS announced a notable increase in the standard mileage rates for the year 2026. This announcement is crucial for small businesses, as mileage rates directly influence ...

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 ...

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 standard mileage rate for the business use of a car, truck, van or other vehicle will increase by 2.5 cents in 2026. The IRS announced Monday that beginning Jan. 1, the standard mileage rate for a ...

While FAVR offers precision, it is not the only alternative to the standard mileage rate. Some organizations use ...

If you clock a lot of miles for work the US Internal Revenue Service just made your life a little bit sweeter. For 2026 the standard mileage rate for business travel will be 72.5 cents per mile, up ...

The IRS mileage rate tax deduction is critical for many individuals and businesses. Understanding the current rates can lead to significant tax savings. TRAVERSE CITY ...