2025 Mileage Reimbursement Rate Chart

2025 Mileage Reimbursement Rate Chart. At the end of last year, the internal revenue service published the new mileage rates for 2025. Irs mileage reimbursement rate the irs standard mileage rate will be 67 cents per mile driven for business purposes (up from 65.5 cents in 2025).


2025 Mileage Reimbursement Rate Chart

This free mileage log template tracks your trips and automatically calculates your mileage deduction on each one. 67ยข per mile driven for business (up 1.5ยข from the 2025.

April 1, 2025 The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.

Calculate for cars and vans, or motorcycle or bicycle rates.

The 2025 Medical Or Moving Rate Is 21 Cents Per Mile, Down From 22 Cents Per Mile Last.

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,.

2025 Mileage Reimbursement Rate Chart Images References :

Page Last Reviewed Or Updated:

Last updated january 10, 2025.

Washington โ€” The Internal Revenue Service.

According to the irs, the mileage rate is set yearly โ€œbased on an annual study of the fixed and variable costs.