IRS Mileage Rate 2026: What Self-Employed Need to Know
The IRS mileage rate for 2026 is 72.5 cents per mile for business driving — up 2.5 cents from 2025.…
Articles tagged
tax-deductions
27 articles
Standard Mileage Rate vs. Actual Expenses: Which Saves You More?
The IRS gives self-employed taxpayers two ways to deduct vehicle expenses: the standard mileage rate and the actual expense method.…
Self-Employed Mileage Deduction: Complete 2026 Guide
If you're self-employed, the mileage deduction is one of the largest tax breaks available to you. At the 2026 IRS…
Mileage Tracker + Receipt Scanner: Why You Need Both for Tax Deductions
You track your mileage. Good. But if you're not also scanning your receipts, you're leaving money on the table —…
Schedule C Receipt Requirements: What Self-Employed Filers Need to Document
Filing Schedule C? Every expense line requires documentation. Learn exactly which receipts you need for each Schedule C category, what…
IRS Per Diem Rates: How Fixed Allowances Simplify Business Travel Receipts
Per diem rates let you skip individual meal receipts during business travel. Learn how GSA per diem rates work, who…
IRS Business Meal Receipt Requirements: What to Document for Every Deductible Meal
The IRS requires five specific elements for every deductible business meal — and a receipt alone only covers three of…
The IRS $75 Receipt Rule: When You Don’t Need a Receipt for Business Expenses
The IRS $75 receipt rule lets you skip receipts for certain travel expenses under $75 — but it's narrower than…
OBBBA for Self-Employed: How the New Tax Law Affects Freelancers and Sole Proprietors
The OBBBA delivers major wins for self-employed individuals — a bigger QBI deduction, permanent bonus depreciation, and expanded Section 179…
Tax Tips for Freelancers 2026: OBBBA Changes You Need to Know
The OBBBA brought major tax changes that directly benefit freelancers in 2026 — from a higher QBI deduction to permanent…
Small Business Tax Deductions 2026: Complete Checklist After OBBBA
The OBBBA expanded several key deductions for small businesses in 2026. From the higher QBI deduction to restored bonus depreciation,…
QBI Deduction 2026: The New 23% Rate Explained for Freelancers and Small Businesses
The OBBBA permanently increased the Qualified Business Income (QBI) deduction from 20% to 23% starting in 2026. Here's who qualifies,…