Mileage can be deducted for volunteer work and medical care, but IRS restrictions limit the amount you can claim. The Tax Cuts and Jobs Act of 2017 eliminated the ability of employees to deduct ...

The Internal Revenue Service (IRS) annually adjusts the allowable deductible mileage rate for inflation. Below are eight easy steps that you can follow to claim this tax deduction. The IRS allows ...

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

The IRS allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving purposes — but there are several important rules to know. Many, or all, of the ...

Standard mileage reimbursement rates don’t include parking or toll fees as these are a separate deduction. Not everything is tax deductible. For example, you may be able to claim a reimbursement ...

The IRS has issued the 2015 optional standard mileage allowance rates to claim a tax deduction for driving an automobile for business, charitable, medical, or moving purposes. The IRS has issued ...

Text Callout : Key Takeaways - Everything You Need to Know About Claiming a Mileage Tax Deduction Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam ...

For example, you may be able to claim a reimbursement for business-related trips, but not for your daily commute to and from work. When deciding how to deduct mileage from your taxes, you have two ...

be warned that you cannot use the IRS business standard mileage rate to claim an itemized deduction for unreimbursed employee travel expenses. That change took place under the Tax Cuts and Jobs ...