2025 Mileage Rate Per Mile For Employees. The IRS Mileage Rate for 2025 MileIQ 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces (unchanged. While this might not seem dramatic, it adds up for businesses with employees who log thousands of miles each year.
2025 Standard Mileage Rates Announced Grace CPA Services from gracecpaservices.com
While this might not seem dramatic, it adds up for businesses with employees who log thousands of miles each year. 21 cents per mile for medical purposes, unchanged from 2024.
2025 Standard Mileage Rates Announced Grace CPA Services
The notice also provides the maximum fair market value of employer-provided automobiles first made available to employees for personal use in 2025 for which employers may calculate mileage allowances using a cents-per-mile valuation rule or the fleet-average-valuation rule. The maximum value of vehicles first made available to employees for personal. Beginning January 1, 2025, the standard mileage rates for cars, vans, pickups, and panel trucks are as follows: 70 cents per mile for business use, up from 67 cents in 2024
Irs Mileage Calculator 2025 Adrian Tremblay. Mileage rate increases to 70 cents per mile, up 3 cents from 2024 but if your business has 300 employees, your mileage reimbursement expenses increase by a total of $90,000.
IRS Mileage Rate 2025 Predicted Rates, Release Date, and Maximizing Deductions. The updated rates, effective January 1, 2025, are as follows: 70 cents per mile for business use of a vehicle (up from 67 cents in 2024) The notice, released Thursday, sets the 2025 standard mileage rates at 21 cents per mile driven for medical purposes and at 21 cents per mile for moving purposes for qualified active-duty members of the armed forces, which is unchanged from 2024.