2025 Mileage Deduction . IRS Announces 2025 Standard Mileage Rates Total Business Miles × Standard Mileage Rate = Deduction When deducting vehicle expenses, you have two options:
Irs Standard Mileage Deduction 2025 Kevin Doyle from kevindoyle.pages.dev
When deducting vehicle expenses, you have two options: Understanding the options and rates for 2025 can help you maximize your deductions
Irs Standard Mileage Deduction 2025 Kevin Doyle WASHINGTON — The Internal Revenue Service today 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 for other purposes will remain unchanged from 2024. 1, 2025, the standard mileage rates for the use of a car (or a van, pickup or panel truck) are: The standard mileage rates for 2025 are: Self-employed and business: 70 cents/mile ; Charities: 14 cents/mile ; Medical: 21 cents/mile ; Moving (military only): 21 cents/mile
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