Federal Rate For Mileage 2025. Effective january 1, 2022, the business standard mileage rate for use of a car (including vans, pickup trucks, and panel trucks) increases from $0.560 to $0.585 and the rate for. 67 cents per mile for business.
The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. 22 cents per mile driven for medical or moving purposes.
But According To The Committee, That Bill Would Also Authorize An Extra 1% Bump For Junior Enlisted Pay Grades, For A Total Of 5.5% In 2025.
The irs is raising the standard mileage rate by 1.5 cents per mile for 2024.
67 Cents Per Mile For Business.
1, 2024, the standard mileage rates for the use of a motor vehicle will be:
For The 2024 Tax Year (Taxes Filed In 2025), The Irs Standard Mileage Rates Are:
Images References :
The Internal Revenue Service (Irs) Has Announced Another Increase In Mileage Rates For 2024 For Driving A Car For Business, Medical, And Moving Purposes.
21 cents per mile for medical.
17 Rows The Standard Mileage Rates For 2023 Are:
Moving ( military only ):
For 2023, The Standard Mileage Rate For The Cost Of Operating Your Car For Business Use Is 65.5 Cents ($0.655) Per Mile.