Lawmakers considered other ways to fund the state's megaprojects, highway maintenance and ferries, but stuck with the gas tax because of its low overhead.

If you’re audited, the IRS will want to see a log that includes dates, destinations and the reasons for travel. These travel logs should record exact mileage amounts.

More: Guide to 2024 taxes: W-2 arrival dates, 1099-K form confusion, free filing options The mileage rate is useful to know at tax time for those traveling for volunteer work and others.

Yes, you can deduct self-employment tax as a business expense. It's actually one of the most common self-employment tax deductions. The self-employment tax rate is 15.3% of net earnings.

Starting Jan. 1, 2024 the mileage tax deduction will now be 67 cents per mile driven — up 1.5 cents from 2023. Find out if you qualify for this deduction.

Other mileage rates will not go up in 2025. More: A new supersize limit for some 401 (k) contributions hits in 2025: What you need to know The standard mileage rate for medical purposes remains at ...

The IRS has announced its 2025 standard mileage rates. Beginning January 1, 2025, the standard mileage rates for the use of a car, van, pickup, or panel truck will be: ...