The standard mileage rate has also been ticking upward over the past few years: ...

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 ...

The Internal Revenue Service (IRS) has updated the cents-per-mile rates for calculating tax-deductible vehicle operating ...

A mismatch sends up a red flag and causes the IRS computers to spit out a bill that the IRS will mail to you (these letters ...

Electric vehicles are starting to reshape the economics of American roads, not just the technology under the hood. As drivers ...

Those using personal vehicles for business will see a slight increase, while other uses saw rates drop slightly or remain ...

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

Business owners who track mileage for tax deductions will see a rate increase starting Jan. 1, but the rules for when you can ...

Millions of drivers nationwide will see significant tax relief this year, with the IRS announcing a new deduction. The ...

The 2025 tax season will have its quirks, gimmicks and gotchas. But right now anyway, many experts say most people should ...

The IRS is on its seventh commissioner of the year, has lost one-quarter of its staff and is faced with implementing a raft of new regulations. Whether and how this turmoil could affect Americans ...

Owning a car is probably more taxing than a high-maintenance long-term relationship in which your partner constantly drinks fuel, forgets when it needs an oil change, and occasionally leaves you ...