The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for ...

Self-employed individuals can deduct mileage and meal expenses on a tax form provided they are business-related; however, the deduction process is not as simple as giving a dollar amount. For 1099 ...

The federal mileage rate for 2026 just hit a record: 72.5 cents per mile. The IRS announced the 2.5-cent jump on December 29, ...

The Internal Revenue Service has raised the standard mileage rate that taxpayers can use for business driving in 2026, while leaving the medical, moving and charitable rates at their prior levels. For ...