Gas Mileage Rate 2025. Natural Gas Rates In 2025 Jan Campbell WASHINGTON — The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. For 2025, the IRS mileage rate for business use is 70 cents, a three-cent increase from 2024's mileage rate of 67 cents per mile.
Charitable Mileage Rates & Tips Simplify Tracking for Deductions from www.mileagewise.com
Note that the rates apply to electric, hybrid, gas, and diesel-powered vehicles. The 3-cent increase from the 2024 rate goes along with the recent price of gas
Charitable Mileage Rates & Tips Simplify Tracking for Deductions
The IRS doesn't set the mileage rate based on gas prices alone, though that's often the headline-grabber Instead, it's designed to approximate the full cost of owning and operating a vehicle for business use. The rates are used to determine the deductible costs of using a vehicle for business, charitable, medical, or moving purposes
2025 IRS Mileage Rate Guide for Insurance Agents Tax Deductions. For 2025, the standard business mileage rate is 70 cents per mile, up from 67 cents. However, the 2025 standard mileage rate is calculated based on all the costs involved in driving a vehicle — not.
Standard Mileage Rate 2025 In India David Harris. Instead, it's designed to approximate the full cost of owning and operating a vehicle for business use. The standard mileage rate for 2025 is unchanged from 2024 at 21 cents per mile for use of an automobile: (1) for medical care described in §213; or (2) as part of a move for which the expenses are deductible under § 217(g)