If you use your own vehicle for business purposes, you may be able to deduct a percentage of your driving-related expenses from your taxable income. To do so, you'll need to keep an accurate record of ...

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.

In accordance with the IRS mileage deduction allowance, reimbursement for mileage incurred during business travel is a benefit that many employers offer, and if your employees travel by car frequently ...