What Is The Mileage Rate For 2025 Ford Explorer

What Is The Mileage Rate For 2025 Ford Explorer. 2025 Ford Explorer True Cost to Own Edmunds For 2025, the business standard mileage rate is 70 cents per mile (up from the 67-cent rate that applied during 2024). This change reflects the rising costs of operating a vehicle

Price 2025 Ford Explorer Anthony Gibson
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For 2025, the business standard mileage rate is 70 cents per mile (up from the 67-cent rate that applied during 2024). Below is a table of the IRS standard business mileage rates over the last six years, including the recent announcement

Price 2025 Ford Explorer Anthony Gibson

The IRS has announced the following standard mileage rates for 2025: Business use : 70 cents per mile (up from 67 cents in 2024) For 2025, the IRS mileage rate is 70 cents, a three-cent increase from 2024's mileage rate of 67 cents per mile The rates are used to determine the deductible costs of using a vehicle for business, charitable, medical, or moving purposes

Price 2025 Ford Explorer Anthony Gibson. Medical or moving purposes : 21 cents per mile (unchanged from 2024). Optional standard milage rates are used to calculate the deductible costs of operating vehicles for.

2025 Ford Explorer Trim Levels Comparison What's New?. For 2025, the IRS mileage rate is 70 cents, a three-cent increase from 2024's mileage rate of 67 cents per mile Notice 2025-5 provides that beginning January 1, 2025, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 70 cents per mile driven for business use (up 3 cents from 2024) 21 cents per mile driven for medical purposes (unchanged from 2024)