Irs Fuel Rate 2025. Vehicle rates are based on a monthly lease and mileage charge, which includes all maintenance and fuel expenses. This is an increase of 1 and a half cents from 2023 (up from 65.6 cents).
Each year, the irs sets business, medical, moving, and charity mileage rates that taxpayers can use to offset mileage expenses at tax time. Many tax professionals are anticipating that the irs standard mileage rate for business travel could reach approximately 69.5 cents per mile in 2025, reflecting these.