In an era where every penny counts, keeping a close eye on your car's fuel expenses can lead to significant savings. By ...

Fuel costs are one of the biggest expenses for drivers, irrespective of if you’re commuting daily or traveling on an exciting road trip. Keeping track of your fuel spending not only helps you budget ...

You can use computer software, such as Microsoft Excel, to quickly calculate profit margins. Types of Profit Margins There are three different types of profit margins: gross profit margins ...

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to ...

Standard mileage rates are used to calculate the amount of a deductible business, moving, medical, or charitable expense (miles driven times the applicable rate). Taxpayers using the standard ...

The Internal Revenue Service is increasing the mileage rate starting Jan. 1, 2025. Photo: Al Drago/Bloomberg via Getty Images ...

Use of the standard mileage rates is optional. Taxpayers can instead choose to calculate the actual costs of using their vehicle. Taxpayers using the standard mileage rate for a vehicle they own and ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024. The increased rate is ...