Irs Increases Mileage Rate 2025

Irs Increases Mileage Rate 2025. Washington โ€” the internal revenue service today issued the 2025 optional standard mileage rates used to calculate the deductible. The irs bumped up the optional mileage rate to 67 cents a mile in 2025 for business use, up from 65.5 cents for 2025.


Irs Increases Mileage Rate 2025

Mileage rate increases to 67 cents a mile, up 1.5 cents from 2025. The irs increased the standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 67 cents per mile driven, up 1.5 cents from 2025.

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