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

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

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

A basic explainer of the business mileage standard rate, plus a look at what led the IRS to change the rate this year.

The Internal Revenue Service recently 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 ...