New 2025 IRS Mileage Rates

The IRS has adjusted the mileage rates for various purposes. Below are the updated rates for the year:

• Business Travel: $0.70 per mile (up from $0.655 in 2024)
• Medical and Moving Purposes
• Charitable Contributions

For full IRS guidelines and additional mileage categories, check out the official IRS article here.

How This Affects You

Whether you’re a business owner, a freelancer, or an employee who drives for work, the increase in the standard business mileage rate can lead to higher tax deductions and reimbursement amounts. Keeping accurate mileage records is key to maximizing these benefits while staying compliant with IRS regulations.

Simplify Mileage Tracking with MileIQ

Manually tracking mileage can be time-consuming and prone to errors. If you’re looking for a user-friendly digital tool, consider using MileIQ—an intuitive app that automatically records and categorizes your trips, helping you keep precise logs for tax season.

Need Help Navigating Your Deductions?

Mileage deductions can be a valuable tax-saving strategy, but proper documentation is crucial. If you have questions about how the 2025 mileage rate changes impact your tax filings, our CPA experts are here to help. Contact us todayto ensure you’re maximizing your deductions while staying IRS-compliant.