What Is The Mileage Rate For 2025 Ford Explorer . 2025 Ford Explorer Trim Levels Comparison What's New? The updated rates, effective January 1, 2025, are as follows: 70 cents per mile for business use of a vehicle (up from 67 cents in 2024) The IRS has released (Notice 2025-5) the 2025 standard mileage rates
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This change reflects the rising costs of operating a vehicle Here are the mileage rates for the year 2025: For business use, the rate has increased by 3 cents from the previous year, now set at 70 cents per mile
2025 Ford Explorer Release Date, Price And Design [Update] 21 cents per mile driven for medical or moving purposes for qualified. Optional standard milage rates are used to calculate the deductible costs of operating vehicles for. What is the IRS Standard Mileage Rate for 2025? For 2025, the IRS has increased the business standard mileage rate by 3 cents per mile
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2025 Ford Explorer in SainteAgathedesMonts Alliance Ford SainteAgathe . Note that the rates apply to electric, hybrid, gas, and diesel-powered vehicles. The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.