In a bid to safeguard taxpayers from scams and fraudulent activities, the IRS and CASST have introduced significant changes ...

The 2025 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, ...

Your mileage log must be precise and maintained ... of miles driven for business purposes, is required on Form 2106. When completing your tax return, list the total miles driven on Form 2106 ...

Investment Zen/Flickr.com (CC by 2.0) Form 2106: Employee Business ... They can use the standard mileage rate, which means multiplying the IRS mileage rate for the tax year by the number of ...

Self-employed workers can claim their mileage deduction on their Schedule C form, rather than the ... If you're audited, the IRS will want to see a log that includes dates, destinations and ...

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write off 70 cents per mile in 2025, the IRS has announced. That is up 3 cents ...

The IRS just released their standard mileage rates for 2025. There was an increase of 3 cents from 2024 for the standard business rate, while medical, moving, and charity rates remained the same.