That's up from 67 cents a mile in 2024. The new rate kicks in beginning Jan. 1 and it would apply to 2025 tax returns that would be filed in 2026. The IRS standard mileage rate is a key benchmark ...

The big picture: The increase goes into effect Jan. 1, 2025, bringing the IRS rate to 70 cents per mile driven for business use, the federal agency announced in a statement Thursday. The rate is ...

That’s up from 30 cents per mile in 2024 and 28 cents per mile ... some colleges will use the IRS business mileage rate for ...

The same rate of 21 cents per mile applies for specific moving purposes for qualified active-duty members of the Armed Forces. The IRS notes that under the Tax Cuts and Jobs Act taxpayers cannot ...

If you drive as part of your business, while volunteering for a charitable organization or for other eligible purposes, you might be able to deduct the cents per mile rate set by the IRS.

The IRS standard mileage rate is a key benchmark that's used by ... mileage rate for medical purposes remains at 21 cents per mile in 2025, the same as 2024. The same rate of 21 cents per mile ...