mileage

IRS Increases Deductible Costs for Mileage by 3 Cents per Mile in 2023

The optional standard rate for deductible costs for operating an automobile for business will increase to 65.5 cents per mile in 2023, a 3-cent increase from the current rate, according ...

January 2, 2023BY The Center Square
Business Mileage Demystified: How To Save Money While Not Increasing Audited Chances

When it comes to business tax deductions, one of the most overlooked helps are your auto and transportation fees. This ...

September 5, 2022BY Due
A Simple Tip to Get Better Gas Mileage

Some time ago, I wrote about simple things you can do to get better gas mileage, which means ...

July 6, 2022BY Mary Hunt
In Unusual Mid-Year Move, IRS Raises Standard Mileage Deduction

The Internal Revenue Service (IRS) made an unusual announcement on June 9, raising the optional standard mileage rate ...

July 2, 2022BY Anne Johnson