2025 Mileage Rate Crash

2025 Mileage Rate Crash. The irs is raising the standard mileage rate by 1.5 cents per mile for 2025. The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2025.


2025 Mileage Rate Crash

On december 14, 2023, the internal revenue service (irs) announced an increase in the optional standard mileage rate for tax year 2025. Beginning on january 1, 2025, the standard mileage rates for using a car (also vans, pickups or panel trucks) will be:

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