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

Here are the 2024 mileage reimbursement rates: Note that prior to the 2017 Tax Cuts and Jobs Act, taxpayers could deduct miles as part of their deductions for non-military moving expenses and ...

The mileage rate for business use was 67 cents per mile in 2024 and increased to 70 cents per mile in 2025. The IRS no longer allows moving expense deductions, except for active-duty military ...

The 2025 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, ...

The IRS allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving purposes — but there are several important rules to know. Many, or all, of the ...

New mileage rates announced by the IRS Mileage rates for travel are now set for 2025. The standard business mileage rate increases by three cents to 70 cents per mile. The medical and moving ...

Effective Jan. 1, the mileage rate for Purdue University business travel using a privately owned vehicle is 70 cents per mile, up from 67 cents per mile in 2024. The rate is based on both fixed ...

but starting in the second year that they own the vehicle they can choose either the standard mileage rate or tracking all actual expenses. Leased vehicles must use the standard mileage rate ...

Mileage reimbursement rates are determined by the IRS ... Reimbursement is not provided for lunch. Incidental expenses such as tips to bellmen, porters, hotel maid are included in the per diem ...

Regardless of which method you use – standard mileage rates or actual expenses – plan to stick with it for the duration of the time you own a vehicle. Switching from mileage to actual costs ...

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions.

Medical and moving mileage rate: 21 cents per mile used for moving or medical purposes. Miles driven to receive medical care are eligible for the medical and dental expenses deduction at a rate of ...