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14 gru 2023 · IR-2023-239, Dec. 14, 2023 — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
- Standard Mileage Rates
The standard mileage rates for 2023 are: Self-employed and...
- Standard Mileage Rates
14 gru 2023 · This notice provides the optional 2024 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
The standard IRS mileage rate for 2024 is 67 cents per mile for business mileage. Businesses can use it for tax-free mileage reimbursement, but in most states, they can set their own rules for employee reimbursements.
24 lis 2023 · Prefatory remark. Update, December 14th 2023: the IRS has announced their new 2024 mileage rates. Business use is 67¢ per mile, up from 65.5¢ in 2023. Medical or moving purposes: 21 cents per mile. Service of charitable organizations: unchanged at 14 cents per mile.
The standard mileage rates for 2023 are: Self-employed and business: 65.5 cents/mile. Charities: 14 cents/mile. Medical: 22 cents/mile. Moving ( military only ): 22 cents/mile. Find out when you can deduct vehicle mileage.
16 lut 2024 · The Internal Revenue Service (IRS) provides standard mileage rates as optional methods for taxpayers to substantiate their transportation expenses. This Insight reviews how the standard mileage rates are set, who uses them, and a history of the rates.
3 sty 2024 · Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. These new rates listed below become effective January 1, 2024: • Business: 67 (increase of 1.5 cents from 2023) • Medical/Moving: 21 (decrease of 1 cent from 2023)
