IRS Sets Standard Mileage Rates for Vehicle Use in 2025 by Steven Rubin, CPA
Posted on January 14, 2025 by Steven Rubin
The IRS released the standard mileage rate taxpayers may use to determine the deductible costs of operating a motor vehicle for business, charitable and medical purposes in tax year 2025. Taxpayers also have the option to calculate these expenses based on the actual costs they incur to use their vehicles. Effective Jan. 1, 2025, the […]