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Topic: IRS Business Mileage Rate Increases to 70 Cents (Read 9 times) previous topic - next topic

IRS Business Mileage Rate Increases to 70 Cents

IRS Business Mileage Rate Increases to 70 Cents

[html]The Internal Revenue Service’s business mileage rate standard increased from 67 cents to 70 cents on Jan 1, 2025. The change is related to the increased cost of buying and owning a car. However, overall fuel prices were lower in 2024 than in 2023.[/html]

Source: IRS Business Mileage Rate Increases to 70 Cents (http://ht**://www.worktruckonline.c**/10233743/irs-business-mileage-rate-increases-to-70-cents)