IRS mileage rates to decrease for 1 group in 2026
Dec. 29, 2025, 2:40 p.m. ET Many drivers do not claim the mileage deduction on their federal income tax returns. Companies that reimburse their employees for mileage driven for business often follow the IRS mileage r Most taxpayers cannot deduct mileage for their regular moving expenses. A rate of 20.5 cents per mile will apply … Read more