The IRS has released updated 2025 Schedule C instructions, raising the mileage rate to 70¢ per mile and increasing the Section 179 deduction limit to $2.5 million. Additional provisions include a new ...
The IRS has issued 2025 Schedule C updates, including higher Section 179 limits, 100% bonus depreciation, and new deductions for tips, overtime, and sound recording costs. These changes can alter ...