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Irs Standard Mileage Rate 2025 Increase
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Irs Standard Mileage Rate 2025 Increase. The irs bumped up the optional mileage rate to 67 cents a mile in 2025 for business use, up from 65.5 cents for 2023. On december 14, 2023, the internal revenue service (irs) announced an increase in the optional standard mileage rate for tax year 2025.
The new 67 cents per mile rate is up. In addition to the rate per mile driven for business.
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