The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.
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IRS Raises Standard Mileage Rate To 70 Cents for 2025The IRS just released their standard mileage rates for 2025. There was an increase of 3 cents from 2024 for the standard business rate, while medical, moving, and charity rates remained the same.
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Hosted on MSNIRS increasing the business standard mileage rateThe IRS is raising the 2025 business mileage rate to 70 cents per mile. Families and businesses must adapt to ensure fair reimbursement for vehicle expenses amid rising ownership costs.
The IRS standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable ...
A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...
Mileage reimbursement rates are determined by the IRS. Charges for gasoline, accessories, repairs, depreciation, anti-freeze, towing, insurance, auto club memberships and other expenditures are ...
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