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1. www.irs.gov › tax-professionals › standard-mileage-ratesStandard mileage rates | Internal Revenue Service

   www.irs.gov › tax-professionals › standard-mileage-rates

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   Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.

2. goodcalculators.com › mileage-reimbursement-calculatorMileage Reimbursement Calculator - Good Calculators

   goodcalculators.com › mileage-reimbursement-calculator

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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.

3. www.irs.gov › pub › irs-drop2020 Standard Mileage Rates - Internal Revenue Service

   www.irs.gov › pub › irs-drop

   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.

4. tax.thomsonreuters.com › blog › irs-announces-2020-standard-mileage-rates-andIRS Announces 2020 Standard Mileage Rates and Vehicle Value...

   tax.thomsonreuters.com › blog › irs-announces-2020-standard-mileage-rates-and

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   9 sty 2020 · The IRS has announced the 2020 standard mileage rates for business, medical, and other uses of an automobile, and the 2020 vehicle values that limit the application of certain rules for valuing an automobile’s use.

5. corporatefinanceinstitute.com › resources › accountingStandard Mileage Rate - Overview, How It Works, How To Calculate

   corporatefinanceinstitute.com › resources › accounting

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   The IRS announces standard mileage rates every year, which changes regularly to incorporate the effects of inflation. Standard mileage rates for 2020 were 57.5 cents for business vehicles, 17 cents for medical vehicles, and 14 cents for charity vehicles.

6. www.travelperk.com › guides › corporate-mileage-reimbursement-policiesMileage reimbursement: a complete guide | TravelPerk

   www.travelperk.com › guides › corporate-mileage-reimbursement-policies

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   Each country has its own standard mileage rate. We look at how the IRS and other revenue agencies calculate these benchmark figures. The article provides specific instructions on what both employees and independent contractors must do to claim mileage reimbursement.

7. turbotax.intuit.com › tax-tips › self-employment-taxesStandard Mileage vs. Actual Expenses: Getting the Biggest ... -...

   turbotax.intuit.com › tax-tips › self-employment-taxes

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   12 sty 2024 · To use the standard mileage method, keep track of the miles you drive for business throughout the tax year and multiply that number by the standard mileage rate. The standard mileage rate for 2023 is 65.5 cents per mile. This amount increases to 67 cents per mile for 2024.