What Is The Mileage Rate For 2025

What Is The Mileage Rate For 2025. The standard rate for diesel and petrol remains at 52.95 pence per litre (ppl), as reported by the office for budget responsibility, which includes a 5 ppl reduction. While we wait for the 2025 rates, let’s review the.

Simply put, it’s a rate set by the internal revenue service (irs) that taxpayers can use to calculate deductions for miles driven. There are two primary methods for calculating business mileage deductions.