When searching for a used vehicle, people tend to look at several aspects, among them high on the list being the mileage. Most of them believe the lower the mileage, the better the car is, but this is ...

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, 2025, and it kicks in January 1. That rate matters whether you're a W-2 ...

The IRS has set the 2026 standard business mileage rate at 72.5 cents per mile, alongside clear requirements for compliant logs. Taxpayers must record the date, destination, business purpose, and ...

Many drivers aspire to keep their vehicles running for as long as possible, but high-mileage engines come with their own set ...

If any part of running your small business requires driving, a good mileage tracker app is a must. Mileage trackers not only track miles, but they also log them into a tax-friendly format that you can ...

The Internal Revenue Service allows deductions for some work-related expenses, including mileage for business use of personal vehicles. The IRS instructions for reporting mileage reimbursements are ...

Mileage reimbursement is the process of compensating employees who use their personal vehicle for business purposes. It helps cover car-related expenses like gas, maintenance, wear and tear, and more.

U.S. President Joe Biden's Build Back Better plan does not impose a new mileage tax on drivers. However, as tax revenue from gasoline purchases continues to fall, the plan does call for the ...

The IRS recognizes the value of supporting worthy nonprofit organizations. This recognition is why the IRS allows taxpayers to deduct charitable giving and also allows deductions for certain expenses ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...

Toyotas are well-known for being reliable and lasting hundreds of thousands of miles, but are these high-mileage Toyotas ...

Bianca started her massage therapy business three years ago after getting her license. She began by offering in-home services to the local area. However, as more referrals poured in, her business ...