2025 Mileage Reimbursement Rate Chart 2025. 2025 irs mileage reimbursement rates beginning january 1, 2025, standard mileage rates for the use of a car, van, pickups or panel trucks will be: Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.
Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2025. At the end of last year, the internal revenue service published the new mileage rates for 2025.
According To The Irs, The Mileage Rate Is Set Yearly โBased On An Annual Study Of The Fixed And Variable Costs.
* airplane nautical miles (nms) should be converted into statute miles (sms) or regular miles when submitting a voucher using the formula (1 nm equals 1.15077945.
2025 Mileage Reimbursement Rate Chart.
You can use this mileage reimbursement calculator to determine the deductible costs associated with running a vehicle for medical, charitable, business, or moving.
2025 Irs Mileage Reimbursement Rates Beginning January 1, 2025, Standard Mileage Rates For The Use Of A Car, Van, Pickups Or Panel Trucks Will Be:
The standard mileage rate for 2025 is currently 67 cents per mile, which is up from 65.5 cents per mile in 2023.
If You Are A Sole Trader Or Qualifying Close Company And Use The Kilometre Rate Method To Claim Business Vehicle Costs, This New Rate Applies For The 2025 Year, That Is,.