The IRS standard mileage deduction for vehicle business use applies in 2025 whether you drive an all-electric, hybrid or standard gasoline-powered vehicle.

The rate is 14 cents higher than the 2021 rate. Context ... and many businesses to reimburse their employees for mileage. The following IRS rates apply to electric and hybrid vehicles as well ...

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

The IRS just released their standard mileage rates for 2025. There was an increase of 3 cents from 2024 for the standard business rate, while medical, moving, and charity rates remained the same.

The optional standard mileage rate for automobiles driven for business will increase 3 cents in 2025, the Internal Revenue Service said Thursday, but the mileage rates for vehicles used for other ...

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to ...