2025 Mileage Rate Irs Increase

2025 Mileage Rate Irs Increase. The irs issued a slight increase in the standard mileage rates for business travel, effective january 1, 2025. 65.5 cents per mile for business.


2025 Mileage Rate Irs Increase

The irs has recently announced an update to the standard mileage rate for 2025. The irs bumped up the optional mileage rate to 67 cents a mile in 2025 for business use, up from 65.5 cents for 2023.

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