2025 Irs Mileage Rates Business Miles . Mileage Rate 2025 Nz Hana Kinsley WASHINGTON — The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. This is up from 67cents per mile in 2024; 21 cents per mile driven for medical purposes, same as in 2024; and
2023 IRS Standard Mileage Rate YouTube from www.youtube.com
While the rise might seem modest, it can add up for businesses with employees who travel frequently. The standard mileage rates for 2025 are: Self-employed and business: 70 cents/mile ; Charities: 14 cents/mile ; Medical: 21 cents/mile ; Moving (military only): 21 cents/mile
2023 IRS Standard Mileage Rate YouTube For 2025, the business standard mileage rate is 70 cents per mile (up from the 67-cent rate that applied during 2024). This 3-cent hike reflects ongoing increases in vehicle-related expenses The IRS's new mileage rates for 2025 bring good news for drivers, especially those using their vehicles for business purposes
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