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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.
26 gru 2023 · The IRS has set a standard mileage rate for determining the deductible costs of operating a vehicle, which is currently (2023) $0.65 per mile for business purposes. However, employers must not use the standard mileage rate to provide tax-free reimbursement.
2023 mileage rates. 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.
Our free IRS Mileage Calculator simplifies the process of calculating your mileage deductions. By inputting your tax year, miles driven for business, medical, and charity, the calculator automatically computes your potential tax deductions based on the IRS mileage rate for that year.
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.
5 sty 2023 · The 2023 rate for charitable use of an automobile is 14 cents per mile (the same as in 2022). Standard mileage rates can be used instead of calculating the actual expenses that are deductible.
Our 2023 mileage deduction calculator uses standard IRS mileage rates to calculate your mileage deduction for taxes or reimbursement. Learn the basics inside!
