Self-employed people aren't the only ones who can take advantage of mileage tax deductions, but everyone else will need to file a Schedule A form and itemize their deductions if they want to get ...

Starting Jan. 1, 2024 the mileage tax deduction will now be 67 cents per mile driven — up 1.5 cents from 2023. Find out if you qualify for this deduction.

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for plenty of ...

More: Guide to 2024 taxes: W-2 arrival dates, 1099-K form confusion, free filing options. The mileage rate is useful to know at tax time for those traveling for volunteer work and others.

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for plenty of ...

Other mileage rates will not go up in 2025. More: A new supersize limit for some 401(k) contributions hits in 2025: What you need to know The standard mileage rate for medical purposes remains at ...

The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 cents for the optional mileage rate for automobiles driven for business ...

If you're audited, the IRS will want to see a log that includes dates, destinations and the reasons for travel. These travel logs should record exact mileage amounts. “It’s something called ...

Starting Jan. 1, 2024 the mileage tax deduction will now be 67 cents per mile driven — up 1.5 cents from 2023. Find out if you qualify for this deduction.