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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.
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1 sty 2024 · The following lists the Privately Owned Vehicle (POV) reimbursement rates for automobiles, motorcycles, and airplanes.
29 gru 2022 · Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.
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. Click on the "Calculate" button to determine the reimbursement amount.
The IRS standard mileage rate for 2023 is 65.5 cents per business mile. Here's how you can use this rate to save on your taxes.
This notice provides the optional 2020 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
Our 2023 mileage deduction calculator uses standard IRS mileage rates to calculate your mileage deduction for taxes or reimbursement. Learn the basics inside!
