Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.

Because mileage reimbursements are typically tax-deductible, the Internal Revenue Service, or IRS, provides specific guidelines around how companies should log mileage.‍ ...

This, however, is highly unlikely, as the IRS depreciation rate included in the standard mileage rate is conservative and rarely results in depreciation recapture. 5. Don’t forget the mileage log.

Employees who work at companies that use the IRS mileage rate will be reimbursed at a higher rate in 2025.

The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 cents for the optional mileage rate for automobiles driven for business.

Employees who work at companies that use the IRS mileage rate will be reimbursed at a higher rate in 2025.