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Saturday, February 08, 2025
The standard business mileage rate has increased for 2025
If your business relies on driving – whether for sales calls, deliveries, or service visits – you’ve probably noticed that fuel costs can add up fast. Even small shifts in gas prices can have a real impact, which is why the IRS updates the standard business mileage rate each year. The 2025 rate is now in effect, and while a few cents per mile might not seem like much, the change can influence tax deductions, reimbursements, and overall travel expenses in ways that are worth paying attention to. Why the