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The IRS raises the standard mileage rate for business vehicle use to 70 cents per mile starting 2025.
The IRS announced a new standard mileage rate for business vehicle use, increasing it to 70 cents per mile starting January 1, 2025.
This rate, up from 67 cents in 2024, is based on a study by Motus, which examines car costs including insurance, maintenance, repairs, and fuel.
The rate applies to all vehicle types and helps employers with tax-free reimbursements, though taxpayers can still opt to calculate actual costs.
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El IRS eleva la tasa de kilometraje estándar para el uso de vehículos de negocios a 70 centavos por milla a partir de 2025.