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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.
16 lut 2024 · The Internal Revenue Service (IRS) provides standard mileage rates as optional methods for taxpayers to substantiate their transportation expenses. This Insight reviews how the standard mileage rates are set, who uses them, and a history of the rates.
While the 2024 business standard mileage rate has increased, the medical mileage rate of 21 cents per mile (which may be deductible under Internal Revenue Code § 213 if it is primarily for, and essential to, medical care) is down from the 22-cents-per-mile rate that was effective in 2023.
This notice provides the optional 2024 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
The IRS today issued an advance version of Notice 2024-8 providing the standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving purposes in 2024.
At the end of last year, the Internal Revenue Service published the new mileage rates for 2024. New standard mileage rates are: 67 cents per mile for business purposes. 21 cents per mile for medical and military moving purposes. 14 cents per mile for charitable purposes.
19 sty 2024 · The IRS has released the annual optional standard mileage rates for 2024, encompassing the expenses associated with using your personal vehicle. This commonly applies to business usage and is also relevant if you use your vehicle for medical, moving or charitable purposes.
