The IRS is raising the 2025 business mileage rate to 70 cents per mile. Families and businesses must adapt to ensure fair ...

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 ...

The IRS has made several increases to the mileage rate since the end of 2021, when it was at 56 cents per mile, including a rare midyear increase in 2022. While the mileage rate for charitable use ...

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.

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 ...

You can start this week. The IRS mileage reimbursement rate is a deduction you can take for using a vehicle for qualifying purposes. This includes business, medical, moving or charitable purposes.