Millions of drivers nationwide will see significant tax relief this year, with the IRS announcing a new deduction. The ...

Top accountant Pauline Ho founder of Laus Consulting Services LLC in Orlando, FL, explains that many small business owners ...

The Internal Revenue Service announced new standard mileage rates for 2026, increasing the business mileage deduction to 72.5 ...

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, ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for ...

Taxpayers using the standard mileage rate for a vehicle they own and use for business must choose to use the rate in the ...

For contractors working via a limited company or personal service company, who are on an outside IR35 contract, it is paramount to maximise expenses in light of the recent increase in corporation tax ...

Taxpayers could be stretched to new limits in 2026 as key but complicated new tax breaks kick into place on 2025 federal ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Drivers who use their personal vehicles for work will see a slight boost in tax deductions starting January 1. The Internal Revenue Service (IRS) has announced ...

Self-employed individuals, gig workers, freelancers, and small businesses who use personal vehicles for business can claim ...