The Internal Revenue Service Issues 2025 Optional Standard Mileage Rates
The Internal Revenue Service (IRS) announced that the optional standard mileage rate per mile for business use is increasing to 70 cents on January 1, 2025. This is up from 67 cents in 2024, as described here. The mileage rates set by the IRS for vehicles used for other purposes will remain the same. Companies with questions about reimbursement should contact experienced counsel.
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The regulatory landscape, appetite for administrative agency enforcement, and judicial interpretations related to wage-and-hour issues are rapidly evolving. Our blog is a one-stop resource for federal- and state-level updates and analysis on wage-and-hour-related developments affecting employers.