A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

As we hit the halfway point of 2026, it's time to audit your mileage log before Uncle Sam audits it for you.

Owning your own business lets you take advantage of numerous tax deductions to reduce your yearly tax debt. Deductions common to business owners include a home office deduction, medical expense ...

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 ...

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 ...