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New Mileage Rates for 2025

New Mileage Rates for 2025: What You Need to Know

Good news for business owners and frequent drivers! The IRS has bumped up the business standard mileage rate to 70 cents per mile for 2025, up from 67 cents in 2024. This new rate kicks in on January 1, 2025, and applies to all kinds of vehicles—whether you’re driving a gas guzzler, a hybrid, or an EV.

Quick Mileage Breakdown

Here’s how the 2025 rates stack up:

  • Business driving: 70 cents per mile (up 3 cents).
  • Medical and moving (for active-duty military): 21 cents per mile (unchanged).
  • Charitable driving: 14 cents per mile (also unchanged).

Quick Tip: Keep Track of Those Miles!

Accurate mileage tracking is key if you want to claim deductions or reimbursements. Use a mileage app or keep a simple log to record your business trips. It’s an easy way to make sure you’re getting the most out of the new rates!

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