GOBankingRates on MSN
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 ...
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 ...
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