2025 Mileage Deduction . Gsa Per Diem 2025 Mileage In India Mila Noor Total Business Miles × Standard Mileage Rate = Deduction When deducting vehicle expenses, you have two options:
IRS Announces 2025 Standard Mileage Rates from www.srsnodgrass.com
For example: 2024 IRS mileage rate: 67 cents per mile; 2025 IRS mileage rate: 70 cents per mile; You drove 5,000 business miles in 2025; 💰 5,000 × $0.70 = $3,500 tax deduction If you use your car for business, charity, medical or moving purposes, you may be able to take a deduction based on the mileage used for that purpose
IRS Announces 2025 Standard Mileage Rates Total deduction: $7,910 for 2025, compared to $7,610 in 2024 The IRS allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving purposes — but there are several important rules to know. Understanding the options and rates for 2025 can help you maximize your deductions
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