If driving is an essential part of your job, you may qualify to deduct the cost of travel on your federal income ... the tax year. The second option is to claim deductions for vehicle expenses ...

Itemized deductions are certain expenses allowed by the IRS that can decrease your taxable income (the amount of your income that's subject to taxes). When you itemize on your tax return ...

The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

California released its tax brackets and rates for 2024, which are adjusted annually for inflation. See how much tax your income ... can claim a certain limited percentage of their expenses ...