Search results
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.
- Serve Your Clients
Standard mileage and other information POPULAR; Earned...
- Enrolled Actuaries
POPULAR FORMS & INSTRUCTIONS; Form 1040; Individual Tax...
- Serve Your Clients
You can use this mileage reimbursement calculator to determine the deductible costs associated with running a vehicle for medical, charitable, business, or moving. You can calculate mileage reimbursement in three simple steps: Select your tax year. Input the number of miles driven for business, charitable, medical, and/or moving purposes.
For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. If you use the standard mileage rate for a year, you can’t deduct your actual car expenses for that year.
9 kwi 2024 · It’s best explained through an example: If you’ve traveled 350 miles in a month, and 150 of them are business miles, you can calculate your mileage by simply multiplying the business miles traveled by the standard IRS rate for the year (67 cents/mile for 2024).
3 maj 2024 · For the 2024 tax year (taxes filed in 2025), the IRS standard mileage rates are: 67 cents per mile for business. 14 cents per mile for charity. 21 cents per mile for medical/moving.
14 gru 2023 · Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023.
For the 2022 tax year (taxes filed in 2023), the IRS standard mileage rates are: 65.5 cents per mile for business. 14 cents per mile for charity. 22 cents per mile for medical purposes or moving purposes for qualified active-duty members of the armed forces.