The IRS mileage reimbursement rate allows eligible taxpayers to deduct vehicle use for qualifying purposes. Learn which trips qualify and who can claim it.

On December 29, 2025, the IRS announced a notable increase in the standard mileage rates for the year 2026. This announcement is crucial for small businesses, as mileage rates directly influence ...

First off, let’s talk about why these mileage rates matter. For many small businesses, especially those relying on vehicles, ...

While FAVR offers precision, it is not the only alternative to the standard mileage rate. Some organizations use ...