(NewsNation) — If you drive a car, like the more than 200 million other Americans, you could catch a break — a tax break, that is. The Internal Revenue Service offers many tax deduction options for ...

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

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for plenty of ...

Those using personal vehicles for business will see a slight increase, while other uses saw rates drop slightly or remain ...