IRS Boosts 2025 Mileage Rates: How to Maximize Your Deduction 🚗💨
If you’re one of the millions of people earning extra cash driving for Uber, Lyft, DoorDash, or just running your own side hustle, you know the grind. You know the best routes, the busy times, and how to handle a spilled drink in the backseat. But when tax season rolls around, things can get a little scary. Here is the good news: Your car is likely your biggest business asset, and the IRS just announced how much that asset is worth to you for the 2025 tax year. The Magic Number: 70 Cents per Mile For 2025, the IRS standard mileage rate for business use is 70 cents per mile . That is up 3 cents from last year. It might sound like small change, but let’s do some quick math. If you drive 10,000 miles for work this year, that’s a $7,000 deduction you can take off your taxable income. That isn't free money the government hands you, but it is income you don't have to pay taxes on. That huge chunk stays in your pocket instead of going to Uncle Sam. 💸 Other Rates ...