US EditionThe standard business mileage rate increased in 2025 - WCS - Tax Preparation in Baltimore MD
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The standard business mileage rate increased in 2025 - WCS - Tax Preparation in Baltimore MD
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile rate for the business use of a car, van, pickup or panel truck is 70 cents. In 2024, the business cents-per-mile rate was 67 cents per mile. This rate applies to gasoline and diesel-p…
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