WASHINGTON — The Internal Revenue Service announced that 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. Optional...
mileage
IRS Issues Standard Mileage Rates for 2024
Beginning January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be: 67 cents per mile driven for business use (up 1.5 cents from 2023). 21 cents per mile driven for medical or moving purposes for qualified...
Can self-employed ministers deduct commute mileage?
Travel can be one of the most problematic areas for many of your self-employed ministers. The crux of the matter is defining when a drive is a commute and when it’s a deductible travel expense. This definition depends crucially on the minister’s principal place of...