2025 Business Mileage Deduction Rate . IRS Standard Mileage Rates ExpressMileage When deducting vehicle expenses, you have two options: The IRS has announced the optional 2025 standard mileage rates for business, medical, and other uses of an automobile, and the 2025 vehicle values that limit the application of certain rules for valuing an automobile's use
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This 3-cent hike reflects ongoing increases in vehicle-related expenses Discover the updated IRS Mileage Rate 2025 to maximize business deductions, featuring increased rates for miles driven, travel expenses, and vehicle reimbursements, helping entrepreneurs optimize tax savings and financial reporting.
Standard Mileage Rate For 2025 Ola Malinde standard mileage rates for business, medical, and moving use reflected in this notice. When deducting vehicle expenses, you have two options: IRS Mileage Rate Business Mileage Deduction (10,000 miles) 2024: 62 cents: $6,200: 2025: 65 cents: $6,500:
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