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Standard Mileage Deduction 2025
Standard Mileage Deduction 2025 – Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write off 67 cents per mile in 2025, the IRS recently announced. That is up 1.5 . In the past, taxpayers had more options to deduct mileage and could claim unreimbursed travel while on the job. โThatโs not deductible anymore,โ says Michelle Brown, managing director in the Kansas .
Standard Mileage Deduction 2025
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IRSnews on X: “The #IRS has issued the 2025 optional standard
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Standard Mileage Deduction 2025 IRS Mileage Rates 2025: What Drivers Need to Know: Taxpayers can take advantage of numerous tax deductions, also known as tax write-offs, to lower their tax bill or receive a refund from the IRS come tax season. Learn More: Trump-Era Tax . Stay updated on the standard deduction amounts for 2025, how it works and when to claim it. Aimed at individual filers and tax preparers. .