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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.
Calculation your medical mileage deduction. The medical mileage rate for 2024 is 21 cents per mile. Using this rate, you can easily calculate your tax deduction and fill your tax return with an appropriate number. Here’s a simple formula to calculate medical mileage deduction: Number of eligible miles driven * medical mileage rate ($0.21 in ...
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.
The IRS medical mileage rate for 2024 is 21 cents per mile. This helps you deduct travel costs for medical appointments on your tax return. Learn more
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.
For 2023, the standard mileage rates are: 65.5 cents per mile for business, up 3 cents from the midyear increase of 2022. 22 cents per mile for medical, consistent with the midyear rate set for second half of 2022. 14 cents per mile for charity, unchanged from 2022.
The IRS allows you to deduct mileage for medical care if the transportation costs are mainly for — and essential to — the medical care. When deducting mileage for medical care, you can use either of these methods: Standard mileage rate for a personal vehicle — $0.16 per mile.
