The Internal Revenue Service announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
Beginning January 1, 2025, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 70 cents per mile driven for business use, up 3 cents from 2024; 21 cents per mile driven for medical purposes, the same as in 2024; 21 cents per mile driven for moving purposes for qualified active-duty members of the Armed Forces, unchanged from last year; and 14 cents per mile driven in service of charitable organizations, equal to the rate in 2024.
The rates apply to fully electric and hybrid automobiles, as well as gasoline and diesel-powered vehicles.
Courtesy of SBAM-approved partner, ASE. Source: IRS 12/19/24
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