IRS Announces Increased Mileage Rate for 2025!
Great news for all business travelers! Starting January 1, 2025, the IRS has increased the standard mileage rate for business use to 70 cents per mile, up from 67 cents in 2024. This adjustment reflects the rising costs of operating a vehicle and ensures that employees are fairly compensated for their travel expenses.
Happy (business) travels! 🚙💼
Categories Budget, Controller's Office, Procurement Services, Treasury Services