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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.
Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
17 gru 2021 · IR-2021-251, December 17, 2021 — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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.
17 kwi 2024 · The 2024 IRS rate for calculating mileage reimbursement is 67 cents per mile. Last year's rate was 65.5 cents per mile. Mileage tracking made easy. Trusted by millions of drivers. Automate your logbook. Calculate mileage reimbursement for work.
To calculate a mileage reimbursement, multiply the number of business miles driven by the current mileage rate set either by the state or the IRS, whichever is applicable. Suppose, for example, you drove 100 miles for business purposes.
9 kwi 2024 · What is mileage reimbursement? Mileage reimbursement is when employers compensate employees for using their vehicles for business purposes. It is calculated based on the miles run and includes any vehicle-related expenses they incur while carrying out a business operation.
