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IRS mileage reimbursement rate: 2026 standard mileage rates and how to use them
The IRS mileage reimbursement rate allows eligible taxpayers to deduct vehicle use for qualifying purposes. Learn which trips ...
On December 29, 2025, the IRS announced a notable increase in the standard mileage rates for the year 2026. This announcement ...
GOBankingRates on MSN
Mileage tax deduction: How to deduct gas and vehicle expenses in 2026
The mileage tax deduction can lower your tax bill if you qualify. Learn who’s eligible, which method saves more and how to claim it correctly in 2026.
The federal mileage rate for 2026 just hit a record: 72.5 cents per mile. The IRS announced the 2.5-cent jump on December 29, 2025, and it kicks in January 1. That rate matters whether you're a W-2 ...
Mileage reimbursement is the process of compensating employees who use their personal vehicle for business purposes. It helps cover car-related expenses like gas, maintenance, wear and tear, and more.
The federal mileage deduction is supposed to be a simple proxy for what it really costs to put a car on the road for work. Yet even after the latest increase, the official rate still lags the real ...
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