The standard mileage rate for business use and self-employed individuals is not the same as the rates offered for medical and moving purposes for Armed Forces members. The 2025 standardIRS mileage ratesare as follows: 70 cents per mile when driving for business use 21 cents for each mile when...
As of December 19th, the IRS has announced thefederal mileage rates for 2025.The standard rate for business use has increased to 70 cents per mile, up by 3 cents from 2024, reflecting rising vehicle operating costs. While these rates apply to business, medical, and moving purposes, it's ...
On December 19th, the IRS released the 2025 federal mileage rates, featuring a 3-cent increase for business use to 70 cents per mile. Many businesses in California use these rates to reimburse employees for work-related driving, helping cover rising vehicle costs. Make sure to update your ...
However, businesses or organizations may also need to use different rates, depending on the industry. For example, standard mileage reimbursement rates for medical or moving purposes for qualified active-duty members of the Armed Forces is 21 cents per mile driven for 2025. And, charity-related ...
Research industry standards in your area to ensure your rates are competitive. You may also choose to use theIRS standard mileage rate, which is70 cents per mile for 2025. Related:Standard Mileage Deduction vs. Actual Expenses Method Explained ...
2025 Standard Mileage Reimbursement Rate The IRS annually publishes a standard mileage reimbursement rate organizations can adopt or use as a barometer to choose their own mileage rates. The 2025 mileage reimbursement rates are as follows: Amount Per Mile DrivenPurposeChange from 2024 Rateopens in a...
Manual and semi-automatic tracking in the free plan Provides tax calculations based on IRS standard mileage rates Well-designed user interface Expense tracking features includedDrawbacks No option to choose between actual expense and standard rates for mileage deductions Trips are automatically classified ...
Reimbursement rates aligning with the IRS standard mileage rate (67 cents per mile for 2024 and 65.5 cents per mile for 2023) or a fixed and variable rate (FAVR) method are acceptable for the accountable plan criteria. Reimbursements exceeding this rate are taxable. Taxable reimbursements are...
*Simple cents-per-mile reimbursement is just one of the mileage programs we offer at TripLog. We specialize in all IRS compliant mileage programs including Car Allowance, Smart Mileage Rate, Fuel Cards, and Fixed and Variable Rates. NO LIMITS ...
The standard mileage rate for the 2025 tax year increased to 70 cents per mile while all other rates remained the same.2 By the way, the IRS doesn't care if your car is gas-powered or electric. The standard mileage deduction is the same for all vehicles. As always, you can itemize ...