" "

IRS Raises Business Mileage Rate for 2025 — but Leaves 3 Other Rates the Same

IRS Raises Business Mileage Rate for 2025 — but Leaves 3 Other Rates the Same
StoryTime Studio / Shutterstock.com

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write off 70 cents per mile in 2025, the IRS has announced. That is up 3 cents – or about 4.5% — from the rate that was in effect for 2024. Drivers who take the standard mileage rate deduction for other purposes will not see an increase for 2025. Those rates remain: The IRS…

Explore additional categories

Explore Other Classes