IRS increases the standard mileage rate for business use in . . . 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
Privately owned vehicle (POV) mileage reimbursement rates GSA has adjusted all POV mileage reimbursement rates effective January 1, 2025 * Airplane nautical miles (NMs) should be converted into statute miles (SMs) or regular miles when submitting a voucher using the formula (1 NM equals 1 15077945 SMs)
The Current IRS Mileage Rate | See the rates for 2024 + 2025 The mileage rate for 2025 is 70 cents per mile driven for business What is the mileage rate for 2024? The IRS mileage rate 2024 for cars (including vans, pickups, and panel trucks) is $0 67 per mile driven for business until December 31, 2024
IRS releases 2025 standard mileage rates | Grant Thornton The IRS released guidance (Notice 2025-05) 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
The IRS Standard Mileage Rate: 1994 To 2025 - Cardata Starting January 1, 2025, drivers can claim the following IRS standard mileage rates for various cases: The IRS standard mileage rate for business travel will be 70 cents per mile, representing a 3-cent increase from 2024’s rate For medical transportation and qualified active-duty military moves, the rate remains steady at 21 cents per mile
IRS Releases New Mileage Rates for 2025 - Wisconsin Business . . . Effective January 1, 2025, the optional standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 70 cents per mile driven for business use This is an increase from the rate for 2024 The rate for medical or moving purposes in 2025 will be 21 cents per mile, unchanged from 2024 The rate per mile driven in
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