The Internal Revenue Service has increased the optional standard mileage rate for business use of automobiles for 2026.

The IRS raised the 2026 business mileage rate to 72.5 cents per mile. Medical rate ticked down slightly, charitable rate ...

The Internal Revenue Service announced new standard mileage rates for 2026, increasing the business mileage deduction to 72.5 ...

Beginning Jan. 1, 2026, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 20.5 cents per mile driven for medical purposes, down a half cent from 2025.

The IRS has raised the 2024 optional mileage rate for personal vehicle use on business travel. The new rate is 67 cents per mile, up 1.5 cents from the most recent 2023 rate. CWRU reimbursements for ...

Drivers who use their personal vehicles for work will see a slight boost in tax deductions starting January 1. The Internal Revenue Service (IRS) has announced new standard mileage rates for 2026, ...

The standard business mileage rate for travel expenses has changed effective January 1, 2025. The standard business mileage rate for Travel expenses has changed. Beginning on January 1, 2025, the ...

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...

The standard business mileage rate for travel expenses has changed effective January 1, 2024. The standard business mileage rate for Travel expenses has changed. Beginning on January 1, 2024, the ...