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Tuesday, January 07, 2025
2025 IRS Mileage Rate Announced
Employers who use the IRS standard mileage to reimburse employees who drive their personal cars on company business rate will need to pay a little more in 2025. The IRS announced on December 19 that the standard mileage rate for business use will increase to 70 cents per mile on January 1, 2025, up from 67 cents in 2024. The IRS also announced the following 2025 rates, which are the same as 2024 levels:21 cents per mile driven for medical or moving purposes for qualified active-duty members of the
