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14 gru 2023 · WASHINGTON — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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.
9 kwi 2024 · According to the IRS, in 2024, the standard mileage rate for businesses is $0.67 per mile, $0.21 per mile for medical, and $0.14 per mile for charities.
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.
22 gru 2017 · business standard mileage rate treated as depreciation is 27 cents per mile for 2020, 26 cents per mile for 2021, 26 cents per mile for 2022, 28 cents per mile for 2023, and 30 cents per mile for 2024.
22 maj 2024 · The IRS has boosted the standard mileage rate for business use to help US citizens reimburse their mileage costs efficiently and fairly. The article covers everything you wish to know about the 2024 Mileage Reimbursement rates.
20 lut 2024 · Effective January 1, 2024, the Internal Revenue Service (IRS) increased the optional standard mileage rate for business to 67 cents per mile. The new rate is up from 65.5 cents in 2023.
