Driving for business, charity or medical reasons this year? You may be able to deduct those miles on your taxes using the IRS standard mileage rate. For 2024/25, these rates have changed, and knowing ...

Anyone who uses a car for business should know the costs associated with the miles you drive for your business are tax-deductible. Most years, when the IRS publishes its deductible cost-per-mile rates ...

Actual Expenses and Standard Mileage are the two approved methods by the IRS for determining your deduction for the business use of your car. If you’re self-employed, you face a double whammy of ...

Driving can be more than just a part of your daily routine — it can also give you a deduction on your tax return. If you drive as part of your business, while volunteering for a charitable ...

When you use your car for both personal and business reasons and you are not fully reimbursed through your employer for the business expenses, you can deduct those costs from your taxes. How do you go ...