August 15, 2025

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Irs Mileage Rate 2025 For Electric Vehicles

Irs Mileage Rate 2025 For Electric Vehicles. Irs mileage rate for electric, phev, gas, and diesel cars. 2,000 miles x $0.67 per mile = $1,340.


Irs Mileage Rate 2025 For Electric Vehicles

These rates allow individuals and businesses to calculate how much tax they can deduct for business. Using the irs standard mileage rate or set rate by an employer, you can calculate your total mileage for the year and multiply it to compute your annual mileage deduction.

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