Personal Vehicle Mileage Rate 2025

Personal Vehicle Mileage Rate 2025. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. The federal mileage rate is the amount of money an employee can deduct from their federal income taxes for the costs of operating a personal vehicle for qualified business, charity,.

You’ll also learn how to choose the right deduction method, keep accurate records, and. In this guide, we’ll break down the mileage rates of the last few years and explore how they apply to business, medical, and charitable travel.