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1, 2025, the standard mileage rates for the use of a car, van, pickup or panel truck will be 70 cents per mile driven for business use (up 3 cents from 2024) 70 cents per mile driven for business use, up 3 cents from 2024.
Need a straightforward guide to mileage reimbursement in 2025 Beginning january 1, 2025, the standard mileage rates for the use of a car, van, pickup, or panel truck will be You’re in the right place
This guide covers the latest rules, rates, and what’s considered business mileage.
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. The irs 2025 mileage rates establish new deduction amounts for business, medical, and charitable driving Taxpayers have the option to compute the actual costs associated with using their vehicle instead of relying on the standard mileage rates If they decide to use the standard mileage rate, it is imperative to make this choice in the initial year the car is accessible for business purposes.
The internal revenue service (irs) announced the 2025 standard mileage rate The increase began on january 1 and raised the rate from 67 cents per mile to 70 cents per mile
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