If you work for a company that doesn't reimburse your mileage, you cannot use the IRS business standard mileage rate to claim an itemized deduction for unreimbursed employee travel expenses.
Filers have two choices. They can use the standard mileage rate, which means multiplying the IRS mileage rate for the tax year by the number of business-qualifying miles driven. The mileage rate ...
Employees who used this form were able to claim the standard mileage rate for vehicle expenses. The Tax Cuts and Jobs Act repealed all unreimbursed employee expenses. Form 2106-EZ: Unreimbursed ...
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Getty Images, miodrag ignjatovic “Mileage allowance” is a term used by the Internal Revenue Service (IRS) to refer to the tax deduction available for taxpayers who use their personal vehicles ...
Despite the fact that gasoline prices are about 3.4% lower than a year ago nationwide, the Internal Revenue Service will increase the optional standard mileage rate used by individuals for ...
As 2025 kicks off, companies are set to write off more for their drivers' mileage. The Internal Revenue Service has slightly increased the 2025 business mileage standard rate of 70 cents, up from 67 ...
The IRS has decided to boost the standard mileage rate for drivers who also use their vehicle for business purposes in 2025. Here's what it means. Despite the fact that gasoline prices are about 3 ...
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