IRS Announces 2024-2025 Per Diem Rates For Taxpayers Who Travel For Business

As of October 1, 2024, the special meals and incidental expenses (M&IE) per diem rates for taxpayers in the transportation industry are $80 for any locality of travel in the continental United ... Read More

IRS increases special per diem rate for business travel - Journal of Accountancy

The special per diem rates that a taxpayer may use in substantiating travel and business expenses under the per diem substantiation method (set out in Rev. Proc. 2019-48) will be higher starting Oct. Read More

IRS Announces 2025 Mileage Rates, Highlights Changes for Business Use - MSN

WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced updated optional standard mileage rates for 2025, affecting taxpayers using automobiles for business, medical, moving, and ... Read More

IRS announces 2025 inflation adjustments to tax rates

The Internal Revenue Service (IRS) has released its annual inflation adjustments for tax year 2025, affecting over 60 tax provisions. Outlined in Revenue Procedure 2024-40, these changes apply to ... Read More

Here's the new IRS mileage rate for business use in 2025 - USA TODAY

The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents ... at 21 cents per mile in 2025, the same as 2024. ... IRS mileage rate for 2025. Read More

IRS announces start of the 2025 tax season - Fox Business

The Internal Revenue Service announced that the 2025 tax filing season will officially begin on Jan. 27, when taxpayers can file returns for the 2024 tax year. Fox Business Personal Finance ... Read More

IRS has announced its new 2025 tax brackets. Here's what to know.

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years. Read More

Taxpayers will get higher standard deductions in 2025, IRS announces - The Detroit News

The top tax rate, which remains 37%, will cover incomes greater than $626,350 for single taxpayers in tax year 2025, for example – compared to $609,350 in 2024. Read More

IRS announces 2025 tax brackets, increase for standard deduction

News; IRS announces 2025 tax ... As far as tax rates are concerned, the IRS released the following marginal ... The standard deduction will now be $15,000 for 2025, an increase of $400 from 2024. Read More

IRS announces standard deduction, tax bracket adjustment for 2025 - Detroit Free Press

For qualifying taxpayers who have three or more qualifying children, for example, the maximum earned income credit will go to $8,046 in 2025, up $216 from 2024. That's nearly a 2.76% increase. Read More

IRS announces higher standard deductions for taxpayers in 2025

The Internal Revenue Service (IRS) on Tuesday announced higher standard ... it will now apply to individuals earning more than $626,350 for single taxpayers in 2025, up from $609,350 in 2024. Read More