The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile, up 1.5 cents ...

BOSTON, December 19, 2024--(BUSINESS WIRE)--The Internal Revenue Service (IRS) has unveiled the 2025 business mileage standard rate of 70 cents, leveraging data from Motus 1, the leader in vehicle ...

BOSTON--(BUSINESS WIRE)--The Internal Revenue Service (IRS) has unveiled the 2025 business mileage standard rate of 70 cents, leveraging data from Motus 1, the leader in vehicle reimbursement and ...

The Internal Revenue Service is increasing the "optional standard mileage rate" used to calculate tax deductions by 3 cents a mile for 2025. The big picture: The increase goes into effect Jan. 1, 2025 ...