Taxpayers who declare the usual mileage price deduction for the miles they log for enterprise functions will have the ability to write off 70 cents per mile in 2025, the IRS has introduced. That’s up 3 cents – or about 4.5% — from the speed that was in impact for 2024. Drivers who take the usual mileage price deduction for different functions is not going to see a rise for 2025. These charges stay: The IRS…
