Millions of Americans who drive for work or recently financed a car are heading into tax season with a very different set of ...

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

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 IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped.

If you use your own vehicle for business purposes, you may be able to deduct a percentage of your driving-related expenses from your taxable income. To do so, you'll need to keep an accurate record of ...

When you use your car for business, the IRS allows you to deduct that expense from your taxable income. You’ll itemize your deductions, using Form 2106 (Employee Business Expenses) if your employer ...

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.

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. J.R. Whalen: Here's Your Money Briefing for Monday, July 11th. I'm J.R. Whalen ...

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 ...

The Internal Revenue Service is lifting the standard mileage allowance for 2026 to 72.5 cents per mile, a small but ...