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IRS Announces 2025 Standard Mileage Rates Marshfield Insurance from marshfieldinsurance.agency
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IRS Announces 2025 Standard Mileage Rates Marshfield Insurance Your calculation of mileage for taxes would look like this: 7000 x 0.70 = $4,690 (business reimbursement) 2024 Free IRS Mileage Reimbursement Calculator + 2025 IRS Mileage Rate Calculator Stay Up-to-Date! Using a mileage reimbursement calculator that reflects the updated IRS mileage rate is crucial to processing accurate reimbursements Optional standard milage rates are used to calculate the deductible costs of operating vehicles for.
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2025 Mileage Reimbursement Rate Chart Blanca Fortin . Select the tax year and input the miles you drove to see how much you're owed, based on the latest IRS mileage rates. The standard mileage rates for 2025 are: Self-employed and business: 70 cents/mile ; Charities: 14 cents/mile ; Medical: 21 cents/mile ; Moving (military only): 21 cents/mile