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IRS Standard Mileage Rate: How It’s Calculated
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🚗💼 The IRS has raised the standard mileage rate for 2025 to 70 cents per mile for business use, which applies to cars, vans, pickups, and panel trucks, including electric and hybrid vehicles. The mileage rate for charitable organizations remains at 14 cents per mile. Taxpayers can either use the standard mileage rate or calculate the actual costs of operating their vehicles. Self-employed individuals can claim business mileage, but employees cannot deduct these expenses unless reimbursed by th
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