The mileage rates that were raised are used to calculate tax deductions for the use of an automobile (i.e., a car, pickup truck, or van) for business, medical, and certain moving expenses.

Mileage rates for business, medical care and moving ... Taxpayers may want to calculate which option will result in the higher deduction, but for most, deducting mileage is easier and will result ...

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 has issued the 2015 optional standard mileage allowance rates to claim a tax deduction for driving an automobile for business, charitable, medical, or moving purposes. The IRS has issued ...