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Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
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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. Click on the "Calculate" button to determine the reimbursement amount.
IR-2023-239, Dec. 14, 2023 — 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.
Standard mileage rate. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. Car expenses and use of the standard mileage rate are explained in chapter 4. Depreciation limits on cars, trucks, and vans.
8 lip 2024 · The 2024 IRS standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.
24 lis 2023 · The IRS mileage rate lets employees drive personal vehicles for work and get tax deductions or reimbursements. Employees can keep track of their expenses and deduct the IRS mileage rate times their mileage at tax time.
Notice 2023-3 [PDF 105 KB] provides that beginning 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 for business miles driven (up from 58.5 cents per mile for 2022) 22 cents per mile driven for medical or moving purposes for qualified active-duty members of the Arm...
