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IRS increases the standard mileage rate for business use in 2025; key . . . Beginning Jan 1, 2025, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 70 cents per mile driven for business use, up 3 cents from 2024 21 cents per mile driven for medical purposes, the same as in 2024
Standard mileage rates - Internal Revenue Service The standard mileage rates for 2025 are: Find out when you can deduct vehicle mileage Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes
2025 IRS Mileage Rates | Paylocity The IRS has provided the standard mileage rates effective January 1, 2025 For 2025, the standard mileage rate for business travel will be 70 cents per mile, an increase of 03 cents from the rate effective at the start of the year
IRS Releases New Mileage Rates for 2025 - ruderware. com The Internal Revenue Service issued the 2025 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes The most notable change is the per mile increase for business use mileage Effective January 1, 2025, the optional standard mileage rates for the use of a
IRS releases 2025 standard mileage rates | Grant Thornton The IRS released guidance () to provide the 2025 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes Notable rates are listed below: The 2025 standard mileage rate is 70 cents per mile, up from 67 cents per mile last year
IRS Announces Updated Standard Mileage Rates for 2025 The Internal Revenue Service (IRS) has announced an increase in the optional standard mileage rate for business use starting January 1, 2025 This change provides taxpayers with updated rates to calculate deductible costs for vehicle use in business, charitable, medical, and certain moving purposes
IRS Announces Mileage Rate for 2025 - HR Works The Internal Revenue Service (IRS) announced the 2025 standard mileage rate The increase began on January 1 and raised the rate from 67 cents per mile to 70 cents per mile These rates apply to electric and hybrid-electric automobiles, as well as gasoline- and diesel-powered vehicles
2025 Mileage Rate - CBIZ The Internal Revenue Service (IRS) announced an increase in the optional standard mileage rate for tax year 2025 The new 70 cents per mile rate is up from the previous year’s 67 cents per mile, reflecting the rising costs of operating a vehicle for business purposes
2025 IRS Mileage Rate Announced - employers. org The IRS announced on December 19 that the standard mileage rate for business use will increase to 70 cents per mile on January 1, 2025, up from 67 cents in 2024