Ivmr 2025

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2012 4.8 Satisfied (65 Votes)
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You can keep a mileage logbook or use an app for this purpose. Be sure to record your odometer reading at the beginning and end of the period for which you are recording mileage, and note down the date, destination, distance, and purpose for each trip youve driven throughout the year.
The current mileage rate for business use is 70 cents per mile. Additional mileage rates are available below. The IRS sets all mileage rates and typically adjusts them every December in preparation for the new tax year that begins in January.
A recommended and acceptable source document under IFTA and IRP is an Individual Vehicle Mileage Report (IVMR). The IVMR is the original record generated in the course of actual vehicle operation and is used as a source document to verify the registrants reported distance and fuel use.
IFTA/IRP Individual Trip Report (example) Use this form to report mileage and fuel information for each trip. Keep completed reports for your records and do not submit this with your tax return or renewal. For audit purposes, keep your records for up to 4 years. Use of this form is suggested; not required.
Individual Vehicle Mileage Report (IVMR)
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