2025 Irs Business Mileage Rate. The portion of the business standard mileage rate that is treated as depreciation for purposes of calculating reductions to basis will be 26 cents. It’s best explained through an example:
The standard irs mileage rate for 2024 is 67 cents per mile for business mileage. 14 announced that the business standard mileage rate per mile is rising to 67.