Automobile Mileage Rate 2025. If you are an employer, go to automobile and motor. 67 cents per mile for business purposes (up 1.5 cents from 2023).
Effective january 1, 2022, the business standard mileage rate for use of a car (including vans, pickup trucks, and panel trucks) increases from $0.560 to $0.585. Use this table to find the following information for federal employee travel:
This Rate Is Based On An Annual Study Of The Fixed And Variable Costs Of Operating A Vehicle, Like Gas,.
Meal and vehicle rates used to calculate travel expenses.
67 Cents Per Mile For Business Purposes.
31, 2022, the standard mileage rate for the business use of employees’ vehicles will be 62.5 cents per mileโthe highest rate the.
Automobile Mileage Rate 2025 Images References :
Use This Table To Find The Following Information For Federal Employee Travel:
The rates set out below apply for the 2023/2024 income year for business motor vehicle expenditure claims.
Effective For Miles Traveled On Or After July 1, 2022, The Standard Mileage Rate For Purposes Of Deductible Business Expenses Is 62.5 Cents Per Mile, An Increase Of 4.
