IRS Raises 2025 Business Mileage Rate to 70 Cents per Mile
IRS raises 2025 business mileage rate to 70 cents per mile, reflecting updated vehicle costs. Learn what this means for your tax deductions 2025 Standard Mileage Rates Effective January 1, 2025, the standard mileage rates for cars, vans, pickups, and panel trucks are as follows: These rates apply to all vehicle types, including fully electric, […]
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