The IRS allows taxpayers to claim deductions for the use of a vehicle. The standard mileage deduction requires you to log odometer readings from the beginning and end of a qualifying trip ...

The IRS has announced its 2025 standard mileage rates. Standard mileage rates are used to calculate the amount of a business, ...

Instead, mileage can be claimed on line 9 for car and truck expenses ... If you're audited, the IRS will want to see a log that includes dates, destinations and the reasons for travel.

The conclusion I've come to is that age and mileage for a used car are factors that should be considered, but they aren't the only issues you should be concerned with. Old vehicles and high ...