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The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 cents for the optional mileage rate for automobiles driven for business ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
This mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023. Military moving mileage rate: 21 cents per mile (1 cent decrease from 2023). Qualified active-duty Armed ...
The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns that would be filed in 2025. Other mileage rates, though, will not go up.
Apparently, that employee reimbursement rate is tied to the IRS mileage rate for business deductions in some legal fashion. Famspear ( talk ) 17:24, 24 June 2008 (UTC) [ reply ] Note: Yesterday (June 23, 2008), the Internal Revenue Service issued Announcement 2008-63, which increases the business deduction rate to 58.5 cents per mile, effective ...
The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile, up 1.5 ...
Begins 7 September 2025 [5] Tanzania: Dar es Salaam: Julius Nyerere International Airport: Terminated [66] [67] Thailand: Bangkok: Don Mueang International Airport: Terminated: Suvarnabhumi International Airport: Passenger [3] Chiang Mai: Chiang Mai International Airport: Begins 3 November 2025 [5] Krabi: Krabi International Airport: Begins 9 ...
As of last fall, the GSA owned and leased more than 363 million square feet of space in 8,397 buildings in more than 2,200 communities nationwide, according to the agency's website.