The optional standard mileage rates for business use of a vehicle will decrease once again in 2021 after increasing significantly in 2019, the IRS announced in Notice 2021-02. For business use of a ...

You could say Arthur Krieger, a former detective with the Los Angeles Police Department, is the sort of guy who expects reasonable answers to reasonable questions. So Krieger, 88, was more than a ...

BOSTON--(BUSINESS WIRE)--The Internal Revenue Service (IRS) today announced the 2021 business mileage standard rate of 56 cents, calculated with data provided by Motus. i As the definitive leader in ...

Optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes are changing, starting on Jan. 1. The new rates are: ...

It might be an odd time to think about buying a hybrid vehicle, given that a lot of us have been stuck home for months, road trips and commuting have diminished, and gasoline prices have held steady ...

After decreasing two years in a row, the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes will go up to 58.5 cents per mile for the 2022 tax ...

The verdict: Sky-high fuel efficiency with front- or all-wheel drive remains the main draw for Toyota’s iconic Prius hybrid, even as the aging current generation grows less competitive in other ways.

The U.S. Environmental Protection Agency’s official fuel economy ratings are out for the new 2021 Ford F-150 and they’re not that far off from the outgoing generation’s ratings. What, were you ...

Even though sedans, coupes, and hatchbacks are slowly disappearing from view—or at least getting lost behind the crowd of taller, larger SUVs and crossovers, there's no denying they're still the most ...