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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
IRS Sets 2025 Mileage Rates and Vehicle Limits The IRS 2025 mileage rates establish new deduction amounts for business, medical, and charitable driving For 2025, the rate is 70 cents per business mile, with updated limits for depreciation and vehicle valuation under IRS Notice 2025-5
2025 IRS Standard Mileage Rate | CompanyMileage The Internal Revenue Service has once again set and released the optional standard mileage rate for business travel mileage reimbursement for the upcoming year For 2025, the IRS mileage rate is 70 cents, a three-cent increase from 2024’s mileage rate of 67 cents per mile
2025 IRS Mileage Rates Vehicle Reimbursements - JLS Accounting In 2025, the rate is 70¢ per mile for business driving It applies to cars, trucks, vans—gas, diesel, hybrid, and EVs If you stick to the 2025 mileage rate, reimbursements stay fair and transparent for everyone Pay much more, and you may create taxable income; pay less, and workers eat the cost
2025 IRS Mileage Rate: 70 Cents per Mile Compliance Guide The IRS standard mileage rate for business use in 2025 is 70 cents per mile, up from 67 cents in 2024 You’re not legally required to reimburse your employees at this rate (or at all), but doing so keeps reimbursements tax-free and deductible for your business
Notice 2025-5: Standard mileage rates for 2025 - kpmg. com The IRS today released Notice 2025-5 providing the standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving purposes in 2025
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
What is the IRS-approved mileage rate for 2025? - Jackson Hewitt The IRS-approved standard mileage rate for 2025 is 70 cents per mile for business and self-employed workers It’s 14 cents per mile for charitable purposes, and 21 cents per mile for medical transportation or military moving
Publication 463 (2025), Travel, Gift, and Car Expenses For 2025, the standard mileage rate for the cost of operating your car for business use is 70 cents ($0 70) per mile Car expenses and use of the standard mileage rate are explained in chapter 4