No law mandates that employers give mileages expenses to employees, but many companies opt to do this as a gesture of good will, and because mileage reimbursement is a tax-deductible business expense.

The IRS has given at least one tiny glimmer of hope for your finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs. On Dec. 14, 2023, the agency ...

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 ...

Gas prices at the pump took one crazy trip in 2022 – and it's going to add another layer of complexity for those who claim mileage deductions on their 2022 tax returns. What exactly is the standard ...

Self-employed individuals can deduct mileage and meal expenses on a tax form provided they are business-related; however, the deduction process is not as simple as giving a dollar amount. For 1099 ...

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 ...

BOSTON--(BUSINESS WIRE)--Cardata, end-to-end mileage reimbursement SaaS partner, announced its integration with Concur Expense, now available on the SAP Concur App Center in Canada and the US. This ...

The optional standard mileage rates for business use of a vehicle will decrease once again in 2021 after increasing significantly in 2019, the IRS announced in Notice 2021-02. For business use of a ...