@gene wrote:
where did you pull such number? I could not locate yet
@BarefootBliss wrote:
Business: 68 cents per mile
Medical/Moving: 21 cents per mile (moving deduction for active-duty military only)
Charitable: 14 cents per mile
You can find the official guidance and more details on the IRS website
so, when some of you deduct 68 cents per mile on a shop - is the shop still a net positive?
I know, rhetorical question we've discussed many times here....sometimes we shop in order to not have to make our own dinner lol.
@charleybuddy wrote:
just another way this current government screws over the small business owner; sure it’s not a big decrease but every little bit adds up.
in the link provided it states “reflecting changes in fuel prices, vehicle maintenance costs, and inflation”, all of which are up, but yet they reduced the mileage rate?
@charleybuddy wrote:
just another way this current government screws over the small business owner; sure it’s not a big decrease but every little bit adds up.
in the link provided it states “reflecting changes in fuel prices, vehicle maintenance costs, and inflation”, all of which are up, but yet they reduced the mileage rate?
@BarefootBliss wrote:
so, when some of you deduct 68 cents per mile on a shop - is the shop still a net positive?
@Bob Stone wrote:
It says the business rate for 2026 is 72.5 cents per mile on the IRS website.