In a groundbreaking move, the Internal Revenue Service (IRS) has announced the mileage reimbursement rates for 2025, reflecting a substantial increase compared to previous years. This adjustment, effective from January 1, 2025, signals a significant shift in transportation expense deductions, potentially impacting millions of taxpayers who utilize motor vehicles for business purposes. The IRS has … Read more
Attention all drivers! The Internal Revenue Service (IRS) has announced the federal mileage reimbursement rate for business travel in 2025, and it’s a significant increase from the previous year. This updated rate will have a substantial impact on businesses and individuals alike, especially those who rely heavily on vehicle mileage expenses. The new standard mileage … Read more
The 2025 mileage rate has recently been announced, and it is significantly higher than the current rate. This is a major change that will have a significant impact on businesses and individuals alike. The new rate is a reflection of the rising cost of fuel, and it is likely to lead to increased transportation costs … Read more
