A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but with inflation cooling, the increases aren’t as great as they have been in the last few years. Here are some amounts that may affect you and your business. . 2025 deductions as compared with 2024 Section 179 expensing: Limit: $1.25 million (up from $1.22 million) Phaseout: $3.13 million (up from $3.05 million) Sec. 179 expensing limit for certain heavy vehicles: $31,300 (up from $30,500) Standard mileage rate for business driving: 70 cents per mile (up from 67 cents) Income-based phaseouts for certain limits on the Sec. 199A qualified business income deduction begin at: Married filing jointly: $394,600 (up from $383,900) Other filers: $197,300 (up from $191,950) . Retirement plans in...