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

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

The IRS standard mileage rate is a key benchmark that's used by the federal government and used by many businesses to reimburse their employees for their out-of-pocket mileage expenses.

View key details from your most recent tax return, such as adjusted gross income. Get account transcripts to include wage and ...

That means the standard mileage rate for business use is now 70 cents per mile, up from 67 cents in 2024. However, the IRS said that its other standard mileage rates in 2025 will remain unchanged ...

Getty Images, miodrag ignjatovic “Mileage allowance” is a term used by the Internal Revenue Service (IRS) to refer to the tax deduction available for taxpayers who use their personal vehicles ...

The standard mileage rate for business is calculated using an annual study of the fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires ...