1. 2025 IRS Mileage Rates: What You Need to Know
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
