Updated IRS Standard Mileage Rates Issued for 2025

Business Tax
Updated IRS Standard Mileage Rates Issued for 2025

As the 2025 tax year winds down, the IRS has provided the new standard mileage rate for 2025 business miles.

Refer to the table below for a comparison of the 2024 and 2025 allowable mileage rates.

2024 2025
Business Use 67 cents per mile 70 cents per mile
Charity Use 14 cents per mile 14 cents per mile
Medical/Moving
(limited situations)
21 cents per mile 21 cents per mile

We also remind you to take a moment at or near the calendar year-end to record your end of year odometer readings for all your vehicles used in the business.

Authored By
Mike Scholz
Mike Scholz, CPA

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