Standard Mileage Rate For 2025 Irs. This rate is essential for individuals and businesses calculating deductions related to. The irs issued an increase in the standard mileage rates for business travel, effective january 1, 2025.

While the irs states that standard mileage rates can be applied to. 19, 2024, the irs announced the 2025 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for.