Is the 2025 IRS Standard Mileage Rate Changing and What Does It Mean for Your Business?

The IRS has announced the 2025 standard mileage rate of 70 cents per mile, effective January 1, 2025.

What This Means for Notaries?

If you use your personal vehicle for business-related travel (e.g., client visits or document delivery), you can deduct 70 cents per mile on your taxes for eligible business use. This rate helps offset vehicle expenses like fuel, maintenance, and wear and tear.

Tip: Track your mileage accurately to maximize deductions and stay compliant.

What This Means for Customers?

The 2025 IRS standard mileage rate of 70 cents per mile may impact travel fees charged by notaries. If a notary charges for travel based on mileage, you might see adjustments to reflect the updated rate. This ensures fair compensation for vehicle-related expenses during travel to provide notary services.

Tip: Always confirm travel fees upfront with your notary to understand how they are calculated.