Tax Resources for Accountants and Small Businesses (U.S.)
The IRS 2025 mileage rates establish new deduction amounts for business, medical, and charitable driving. For 2025, the rate is 70 cents per business mile, with updated limits for depreciation and vehicle valuation under...
When choosing between the standard mileage vs. actual expenses deduction methods, it’s important to know how each affects your taxes, records, and total deduction. Understanding both options can help you choose the method that...
Updated April 2026 Knowing the right tax deductions for self-employed drivers in 2026 can help you cut costs and increase profits. From mileage and repairs to insurance and depreciation, the IRS allows several write-offs...