A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday ...

The Internal Revenue Service is increasing the "optional standard mileage rate" used to calculate tax deductions by 3 cents a ...

The IRS has announced its 2025 standard mileage rates. Standard mileage rates are used to calculate the amount of a business, ...

The IRS standard mileage rate is a key benchmark that's used by the federal government and used by many businesses to reimburse their employees for their out-of-pocket mileage expenses.

The optional standard mileage rate for automobiles driven for business will increase 3 cents in 2025, the Internal Revenue Service said Thursday, but the mileage rates for vehicles used for other ...