What Is The 2025 Irs Mileage Rate

What Is The 2025 Irs Mileage Rate. The standard mileage rate will increase to 67¢ per mile for business miles driven beginning january 1, 2025, up from 65.5¢ in 2023. 67 cents per mile.this mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023.

However, it is an important part of tax planning. The standard mileage rate will increase to 67¢ per mile for business miles driven beginning january 1, 2025, up from 65.5¢ in 2023.