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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.
official duties, the standard mileage rate approved by the Automobile Association of Kenya shall be deemed to be reimbursement of the amount so expended and shall be excluded in the calculation of the employee’s gains and profits: (ii)!by inserting the following new paragraph immediately after paragraph (f)—
1 sty 2024 · GSA has adjusted all POV mileage reimbursement rates effective January 1, 2024. * Airplane nautical miles (NMs) should be converted into statute miles (SMs) or regular miles when submitting a voucher using the formula (1 NM equals 1.15077945 SMs).
5 mar 2024 · Under the current system, an MP shall be reimbursed a claimable mileage of one return journey in a week from the National Assembly (Nairobi) to his/her constituency at the rate of Sh152.6 per...
The Finance Act, 2023 amended Section 5 (2) of the Income Tax Act (ITA) to exempt from tax amounts reimbursed to an employee as mileage claim for travelling to perform official duties, provided that such reimbursement is based on the standard mileage rate approved by the Automobile Association of Kenya ('AA Kenya').
9 kwi 2024 · What is the 2024 federal mileage reimbursement rate? According to the IRS, the mileage rate is set yearly “based on an annual study of the fixed and variable costs of operating an automobile.” Here are the mileage rates for the year 2024: 67 cents per mile driven for business use, an increase of 1.5 cents from 2023.
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.
