2025 Mileage Rate Changes For Businesses

2025 Mileage Rate Changes For Businesses. Learn how the 2025 irs mileage rate increase to 70 cents per mile affects businesses and individuals. Here’s how it affects business travel costs:.


2025 Mileage Rate Changes For Businesses

This adjustment reflects changes in fuel costs and. For leased vehicles, the taxpayer must choose the standard mileage rate for the entire lease period (including renewals) if the standard mileage rate is initially chosen.

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