The IRS standard mileage rate is a key benchmark that's used by the federal government and used by many businesses to reimburse their employees for their out-of-pocket mileage expenses.

The new rate kicks in beginning Jan. 1 and it would apply to 2025 tax returns that would be filed in 2026. The IRS standard mileage rate is a key benchmark that's used by the federal government and ...

IRS funding, beneficial ownership information (BOI) report update, 2025 standard mileage rates, tax filing deadlines, and ...

December 23, 2024 - WASHINGTON — The Internal Revenue Service has announced that the optional standard mileage rate for ...

On December 19, the IRS published an updated mileage reimbursement rate for 2025: $0.70 per mile, a three cent increase from ...

Optional standard mileage rates are used to calculate the deductible costs of operating vehicles for business, charitable and medical purposes, as well as for active-duty members of the Armed Forces ...