Cents Per Mile 2025 . IRS issues standard mileage rates for 2023; business use increases 3 The Internal Revenue Service (IRS) recently announced the updated optional standard mileage reimbursement rates for 2025 At 70 cents per mile, their deduction totals $7,000, compared to $6,700 in 2024
Joel Sandoval, CPA (joelsandovalcpa) • Instagram photos and videos from www.instagram.com
The standard mileage rate is now $0.70 cents per mile, an increase of $0.03 cents from 2024's standard rate The standard mileage rates for the use of a car, van, pickup, or panel truck are: 70 cents per mile driven for business use
Joel Sandoval, CPA (joelsandovalcpa) • Instagram photos and videos The updated rates include a 3 cents per mile increase for business use Business: 65.5 cents per mile; Medical / Moving: 22 cents per mile; Charitable: 14 cents per mile The updated rates include a 3 cents per mile increase for business use
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